Replies to post #91824 on Simple's Green Room

[gitonwithit]

It's is possible. Here's a very intriguing combination. When I draw the fib from the .707 to the bottom we get the reversal at the .618 (top picture) and when I draw the extension from the bottom of the .707 I get the 1.618 extension here. Wish I understood more of what this means longer term. I went short here based on the second chart but something tells me it's not the point because of the .707. I want to know to the pip when it reverses.