pssst .......quicky
cheers quick$ yes read your post..below
'''''''' Had a look at this chart today and its going down a bit further. reason?? WMR has a longterm compression triangle with lower highs and higher lows since Jan 04. The Short upward trend has also formed a distinctive trend channel also adding the the bearish triangle. 50% Fibonacci retracement from low to high ($5.30) has formed a double top and WMR has fallen away from that resistance. Also the apex of the triangle is at approx the 38.2% ($5.15) retracement level. As WMR Falls bellow this as it did today we can expect a much lower level of support.First support at 4.80 but stronger at 4.70
comments??? ''''''''
hope these are closer to your fibs.. added a micro fib for interest.. I have placed a fair emphasis on the gaps, must read up some more it seems by the response
