By coincidence I've just started reading the book Trading With Fibonacci In The New Millenium by Jody Ellis and I'll quote a paragraph "If the financial instrument has recently listed and has little trading history, it is like a herd breaking new territory. The trails will be unpredictable and will vary quickly."
We may get a retracement, or it may go crazy, exploding out into uncharted blue skies. Very, very unpredictable especially if we get a few little contract wins.
Good luck and best wishes for your trading.
ALC - New Beginnings, page-148
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