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Fibonacci Arcs - GBP/USD - 4 hour

  • #1
  • First Post: Oct 24, 2006 3:18am Oct 24, 2006 3:18am
Draw fibonacci arcs from current 4 hour high of 8840 [ approx ] to previous low of 8540 [ approx ] this will give how far GBP/USD will fall,

we bounced off a level yesterday and now we are headed for the next level at 8660, check it out

The fib levels are 24 -- 38 -- 50 -- 62
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  • #2
  • Oct 25, 2006 2:56pm Oct 25, 2006 2:56pm
Quoting TheJungleLion
Draw fibonacci arcs from current 4 hour high of 8840 [ approx ] to previous low of 8540 [ approx ] this will give how far GBP/USD will fall,

we bounced off a level yesterday and now we are headed for the next level at 8660, check it out

The fib levels are 24 -- 38 -- 50 -- 62
to the fed report, are you still bearish, thanks
  • #3
  • Oct 25, 2006 5:02pm Oct 25, 2006 5:02pm
Quoting TheJungleLion
Draw fibonacci arcs from current 4 hour high of 8840 [ approx ] to previous low of 8540 [ approx ] this will give how far GBP/USD will fall,

we bounced off a level yesterday and now we are headed for the next level at 8660, check it out

The fib levels are 24 -- 38 -- 50 -- 62
I spent a week or two experimenting with those rings a few years ago. I never had any luck finding consistent corrollations with them.

How long have you been using them?
Profit is where readiness meets Opportunity
  • #4
  • Last Post: Oct 29, 2006 6:22am Oct 29, 2006 6:22am
When you run your line to establish your high and low on your fib arcs does the line touch the exact high low points where it took place there fore having an angle depending on where the high and lows took place or does it go straight up and down from the high or low. Am I asking this clearly.

Thanks

Tom
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