Trader53; Your call on Friday "$0.1359/$0.16" was on the money. * My volatility stop would have been slightly below $0.16 like where everyone else was. http://thepatternsite.com/stops.html#VS this post is NOT on my chart thread
DPLS Security Details Share Structure Market Value1...........$471,788,260 a/o Nov 02, 2021 Authorized Shares..20,000,000,000 a/o Nov 02, 2021 Outstanding Shares..4,976,669,407 a/o Nov 02, 2021 Restricted.......................37,448,333 a/o Nov 02, 2021 Unrestricted...............4,939,221,074 a/o Nov 02, 2021 Held at DTC................Not Available Float..........................Not Available Par Value 0.01
Fibonacci Numbers are commonly used in Technical Analysis with or without a knowledge of Elliot Wave Analysis to determine potential support, resistance, and price objectives.
The most popular FibonacciRetracements are 61.8% and 38.2%
61.8% retracements imply a new trend is establishing itself.
38.2% retracements usually imply that the prior trend will continue
38.2% retracements are considered natural retracements in a healthy trend.
Fibonacci Retracements can be applied after a decline to forecast the length of a counter-trend bounce.
The 50% retracement is not based on a Fibonacci number. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move.