complete Fibonacci price projection going forward...
I'm not seeing the monkey on here the last 2 days, so here is a thorough projection of where the fibs stand & where they can go. See the bolded sections below for the bottomline price projection.
we currently have 2 fib patterns forming. A smaller nearterm pattern & the larger macro pattern. I like to look at both to observe confluence, so as to try to pinpoint entry points.
When a stock is in a active mojo state, as I think this one is in now, I lean on the smaller fib patterns, esp since additionally this is an OTC stock, wh/ by nature makes it more volatile & inturn compresses the time patterns.
on the smaller fib pattern you have the following:
an A point of .05
a B point of .115.
a C point of .086, which currently was a 44.6% retracement of that A to B movement. If it dips below that .086 price, a 50% retracement would take it back to .0825, & a 62% retracement would take it to .075 .
on this current retracement as we stand now (C point being .086), a C to D, 1 to 1 move, would take the stock to .151, a 1 to 1.38 move would take it to .176, a 1 to 1.5 move would take it to .184, & a 1 to 1.618 would take it to .191
on the larger fib pattern, to compare the 2 patterns for confluence, you have the following:
an A point of .001
a B point of .115.
a C point with a 38% retracement would take the stock back to .072. A 50% retracement would take it back to .058, & a 62% retracement would take it back to .045.
on the 38% retracement of .072, a C to D, 1 to 1 move would take the stock to .187, a 1 to 1.38 move would take it to .229, a 1 to 1.5 move would take it to .243, & a 1 to 1.62 move would take it to .256.
on the 50% retracement of .058, a C to D, 1 to 1 move would take the stock to .172, a 1 to 1.38 move would take it to .215, a 1 to 1.5 move would take it to .229, & a 1 to 1.62 move would take it to .242.
on the 62% retracement of .045, a C to D, 1 to 1 move would take the stock to .159, a 1 to 1.38 move would take it to .202, a 1 to 1.5 move would take it to .216, & a 1 to 1.62 move would take it to .229.
*** in conclusion, I'm leaning on the smaller fib pattern above following thru on monday, w/ a C to D move off of the current .105 price, going between .151-.191.
However if it dips, and the price goes below the current small fib .086 C point, then look for .075 as the next entry point b/c confluence wise that would fall into agreement w/ the larger fib pattern of the 38% retracement at .072. .072 and .075 are very close to each other and compute fib wise on both patterns, that range will probably be the magic entry point if we have weakness monday morning.
AI
