Replies to post #40026 on lowtrade

[lowtrade]

FIBs retracement "Rule of Thumb"

First retracement bounce from 38% expect previous high being taken out. From 50% previous high should be reached. At 61% expect 38% and first bounce from below 61% expect 38%.

It bounced from below 61% and has reached target. The flag pattern is thus very weak and should not be expected to reach .012 target.