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gitonwithit

02/05/12 8:21 PM

#91296 RE: estimator #91294

You see the trade? The top was the 2.236 of the .447 down below. Now we are almost back at the 2.236 extension of the upper 1.414! Could bounce here at the 1.902 or down to the 2.236. As a side note do you see the .786 at the bottom that connects the .447 and .382? If you read my sticky post about fib relationships .786 and 1.272 indicate one/two up or one/two down. I take that to mean one extension up here to the 1.902 instead of the 2.236.