I hope readers understand, one important use of fibonacci ratios..as shown in my last post.
NOW, IF we take different legs of the LAST MOVE (down move in our case),as i am posting charts in the next post..as we see the current upmove very strong..if by taking different legs of the prior fall..and if we arrive at a figure..from different reverse ratios of different legs...(1.27 of 1 leg,,1.618 of other)..WE GET A CONFIRMATION OF THE TARGETED ZONE.
AS one will be able to see in the charts..i have taken on hourly charts..last fall post budget to 3915 on daily charts and the whole crash from june high..(4691--3915)..we can arrive at a figure around 4850..and 16300...so these should be the MOST PROBABLE targets.
No comments:
Post a Comment