Hi Dr Lobo
Yes agreed BUT 76.4 is within the top trendline of the large triangle which has formed over the last week or so.Given proximity of FOMC results I'd be surprised if we got much above that.
If anybody was looking for a long entry there was a nice signal using the method Bobi supplied the other day.
Plot Fib from High Breakout to Low Breakout from the Calculator.You will see 61.8 (or 38.2 depending which way you ran it) capped price early Asian and then provided good support after the HBO proved to be Temporary Resistance Level.That was a good entry.
V
Yes agreed BUT 76.4 is within the top trendline of the large triangle which has formed over the last week or so.Given proximity of FOMC results I'd be surprised if we got much above that.
If anybody was looking for a long entry there was a nice signal using the method Bobi supplied the other day.
Plot Fib from High Breakout to Low Breakout from the Calculator.You will see 61.8 (or 38.2 depending which way you ran it) capped price early Asian and then provided good support after the HBO proved to be Temporary Resistance Level.That was a good entry.
V