4DS Charting Guru's Feedback Required, page-86

Interesting Observation.

I have applied my Fibonacci analysis to 4DS and this is what has transpired.
Using the low ancor of 2 cents to the 1st measured move high of 6 cents 4DS pulled back into its 50% retracement to 4 cents.
From there it hit its -23% trgt at 7 cents with hardly any pullback and subsequently gone to hit its -61.8% trgt at 8.2 cents.

I now anticipate 4DS to pullback lower from these levels to 7.1 -7.3 cents. That's where i will go in Long with my 1st lot of shares.

Once (if ) 4DS breaks the 6.8 -6.9 cents (highly likely as the Sand P 500 and Dow Jones both broke key support levels on Friday and ASX usually follows the US markets )I anticipate 4DS to pullback into its all the way half way back at 5.1- 5.2 cents.

Trade safely.

FibTrader