weekend charting 20-21 november, page-76

Ange

I made a mistake with my calculation on the PIR chart.

"In this case we could have assumed the price action at $2.49 was the 23.6% fib level."

[($2.49-$0.098) / 23.6] x 100 = $10.13

So from this we can assume $10.13 is 100% of the trading range, we add this to our 0% level of $0.098 to get our price target.

10.13 + 0.098 = 10.23 (rounded)

The adjusted chart is below. Hope you get the idea.





This is not a recommendation to buy or sell.

Cheers
Rhodes