gse, great pickup. I placed the fib levels over the chart and they do look to be credible on the back test (presuming we are now at short term bottom). I used one to cover the entire range (in blue) to encompass all the ranges you have mentioned. I also used the 31-00 high and today’s close as another swingset to see likely retracement targets (once again this is presuming we are at a bottom). If the ranges you picked up on repeat again, then we can expect a bounce to $29-50 – the fib level comes in at 29-60. Not too far off the mark. For easy reference I marked the ranges you mentioned in the first post and while the ranges are freakily accurate, I am not sure I would have the courage to get long if it did start to bounce…… maybe I will just use them as a guide to get a better short entry? I will be interested to see how this one unfolds.
Regards
Commy
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