I have read the post by Kill56 and have drawn the fib on the chart attached, can you please have a look and let me know if i have done it right.
Also as per my understanding after reading the earlier post is it right to make the assumption that as it has retraced to 38.2 it is now expected that it would fall to the 138.2 levels, if it fails to move up and beyond the 23.6 levels.
Please help me with my understanding ....
Many thanks for your kind help.
Also as per my understanding after reading the earlier post is it right to make the assumption that as it has retraced to 38.2 it is now expected that it would fall to the 138.2 levels, if it fails to move up and beyond the 23.6 levels.
Please help me with my understanding ....
Many thanks for your kind help.