When the targets are spaced pretty far apart… ie: .0018 - .014 …does that mean that it’s expected that once the .0018 is attained that the pps would very quickly race to the next target of .014?
WCVC Security Details Share Structure Market Value1...............$5,896,186 a/o Aug 25, 2021 Authorized Shares..10,000,000,000 a/o Aug 23, 2021 Outstanding Shares..6,551,318,141 a/o Aug 23, 2021 -Restricted.....................29,360,229 a/o Aug 23, 2021 -Unrestricted.............6,521,957,912 a/o Aug 23, 2021 Held at DTC.............6,465,950,904 a/o Aug 23, 2021 Float............................223,350,198 a/o Nov 07, 2019 Par Value 0.001
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.