From low 7c URM was up to 33c, then down to 15.5.
Test down trend:
1) Test 0.618:
33 - 0.618(33 - 7 ) = 16.932 = 17
On 12/5 exactly down to 17c! The next day (13/5) was up to 20c, but did not hold well (close 17.5).
2) Test 0.786:
33 - 0.786(33 - 7) = 12.564 = 13c
On 14/5 was up 19.5 but down to 15.5 (not too bad from 13). But, nothing near 13c! However, may slowly drop to 13. Who knows?. Just wait and see.
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Test up trend:
From low 15.5 is up to 19.5 today, but can not hold well (close 18). Base on 33 (H) and 15.5 (L), test first up wave today:
15.5 + 0.236(33 - 15.5) = 19.63 = 19.5c
Today up exactly 19.5c!
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I bought 16.5 this morning and sold 19.5 with few $ profit. I sold because I think first wave up has perfectly done plus double top at 19.5! Tomorrow may be down (I may be wrong), but just wait and see.
IMO, Chart and Fib Ratios are very helpful
This is not my advice. Please DYOR and GOOD LUCK
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