short term trading week starting - 22 oct, page-171

WHN Fibs suggest move to 5c


First move
Low 2.6c (This was the Base)
High 3.8c

Retrace 3.2c this was the 50% retrace

Target was 4.4c based on 100% extension


Second move
Low 3.2c (This was the basing level)
High 4.4c hit the 100% projection exactly

Retrace based on the 50% = 3.8c and the 61.8% retrace is 3.65c and 3.6c was a previous breakout point so this congestion area of 3.7c ish should provide very very strong support

Target based on 100% extension is 5c and this lines up with the next resistance level on the chart too


Big push coming