Furthermore...
This has pulled back exactly at 61.8% Fib retracement (this is called the Golden Retracement)
Note: When a retracement pull back past 61.8% - this is when instos are off loading (FYI)
Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback. Fibonacci Retracements can also be applied after a decline to forecast the length of a counter trend bounce. These retracements can be combined with other indicators and price patterns to create an overall strategy.
![]()
XPE Charts, page-8022
-
- There are more pages in this discussion • 4,465 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OAK (ASX) to my watchlist
|
|||||
Last
7.0¢ |
Change
0.001(1.45%) |
Mkt cap ! $1.889M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 7.0¢ | $0 | 5 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 182500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 38 | 0.070 |
1 | 91146 | 0.069 |
2 | 180000 | 0.060 |
1 | 20100 | 0.059 |
1 | 86000 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 200 | 1 |
0.090 | 150 | 1 |
0.095 | 1524 | 1 |
0.096 | 52424 | 1 |
0.110 | 820 | 1 |
Last trade - 10.06am 19/07/2024 (20 minute delay) ? |
Featured News
OAK (ASX) Chart |