guppy countback lines, page-14

A very good poster from a while back quite often made reference to a particular method using a fulcrum point based on FIB retracement lines STMTS was His / Her nic. A lot of the regular Resonators would remember the great charts.
After setting a low the fulcrum was made by the SP crossing the 38.2% line. We then looked for a slight drop in the SP to below the 38.2 but not lower than the previous low. The trigger for the buy was when the SP crossed back up through the 38.2 and the short term target was at the 61.8%.
This is demonstrated nicely by the movements after the low of April 22. As can also be seen from this is that it is important to hold on when they run.
Based on this method todays price has created the fulcrum and a small fall in the SP would set us up nicely for the way forward.

Disclaimer : It does not always play out this way and could just continue to power forward but clever TA traders like STMTS used it to their advantage often.

Good luck to all

MDP