Fibonacci GONE WILD

REACHED AND BREACHED!!

I originally was going to post the 4hr chart along with the daily in my earlier post. It seems that it held the key to the temporary top.

OMG!!

I never thought I would have to use this chart at these levels before the end of the year.

Old Chart Was Replaced

To bounce, or not to bounce off the 0% fib.

Here is a weekly chart of USD/JPY. The 61% fib is at 109.60.

Yet another way to skin the cat that is USD/JPY.

Price topped out at the 50%.

So has the Euro.

Looks like we got the bounce. But now what?

Using higher time frames can really bring clarity in trading.

Taking into account the high and low indicated by the arrows on the left side of the chart, price could very well target 228.00 if the downward momentum continues. This is a critical level for obvious reasons. Look for signs of strong resistance at or around the 61% (233.16) and/or 50% (234.78) fibs should price retrace that far.

Interesting

Yet another 200% reversal pattern.

Is it Yen Time??

JUST AWESOME!!

All I can say is prepare for the 23% or 76% fib. It's just a matter of time.

It seems price quickly sought out the 261 extension.

Looks like there is a chance for a completion of a 200% retracement with the possibility of more.

Here is a wider look of The Pound on the 4HR.