Taz 126 to 130 should be the lowest point today based on two sets of fibs. Its where the 50% retrace should be.
My chart shows one set..the other more accurate one should be a base of 40c to a high at 2.10 as was discussed with Pete and Giz..
Its a very common retrace % level.
I have used a Gann overlay pattern to confuse things a bit further all of these things require a fair prerequisite TA knowledge and cant be explained simply..
Even with fluking some TA accuracy we all know the overall market sentiment must be factored in..as must the dilution or full subsciption factors..
So using TA is not all that accurate but does give a pretty good view of major trendline breaks and the essential stoploss? money management guides..
see the earlier thread charts for these stoploss calcs
does that make any sense
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