DislikedMT4 refers to it as the Fibonacci Expansion study. I don't think exactly that TP. I think that since there was increased volume moving price off the last bottom, the market is bullish. The FE 100 and 127 levels are easily reached within two weeks based on average range. Even the FE 162 level could be reached if a bull market pulls out all the stops by just moving up without retraces. This is unlikely, so the FE 100 and FE 127 become the most likely targets. It is the FE 100 level that intersects with the TL. Therefore, that level becomes the prime...Ignored
just another way how it can be viewed:
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