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boca_bobby

02/09/13 9:10 PM

#113562 RE: pennies2007 #113560

And that's the 4hr chart, correct? The reason I ask is because in this case I believe the first set of fibs are probably best when set at the 4hr chart in this case. There is just a bit more information being sent to traders on the 4hr chart for the beast, imo.

I'm showing a very similar chart. It was my main trading pair over the past week.
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Qui-Gon Kagi

02/09/13 9:29 PM

#113565 RE: pennies2007 #113560

I can't see where you've pinned your top red primary fib box line at pennies. Below you can see my two primary fib boxes stacked with a green secondary fib box in the lower half (below 50%) of my top red fib box. My thoughts are that price is fairly centered between these last two daily candles and it's a 50/50 as to whether price will move higher or lower tomorrow. Is your chart a 4 hour or daily btw?