Can someone please take a look at these numbers and tell me if I'm on the right track?
These are my first ever fib calculations.
Sorry I can't articulate better, or provide graph pictures - I don't have the tools yet.
This one is for PSC taken from 0.071 high close to 0.044 low close for downtrend.
Sell out swings. High 0.060. Mid 0.057. Low 0.054.
Extensions downward 0.027, 0.017, 0.006, 0.003.
And this is for YNB in uptrend, taken from low close of 0.079 to high close of 0.100
Buy in ops, low 0.087, Mid 0.089, high 0.090
Extensions upward 0.112, 0.121, 0.129 and 0.133
Am I correct in calculating just the current trend, or should I be doing it over a time period?
Any feedback would be appreciated.
Thanks guys.
