BHP 0.86% $40.55 bhp group limited

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  1. 7,728 Posts.
    Here are some fib levels. The chart is a daily, but fibs applying to price will of course produce the same result on weekly or monthly. My mouse isn't accurate enough to set fibs to the cent, but close enough.

    a:(white fibs) The fall-time high to November 2008 low --retraced to a very minor fib, 23.6%

    b:(light blue fibs) From July 2009 low to April 2011 high --retraced to around the 38.2% fib. relevant

    c:(yellow fibs)From May 2010 low to April 2011 high --retraced to 50% fib. Relevant.

    d:(red fibs) From minor low September 2010 to April 2011 high, retraced halfway between 50 and 61.8% fib/

    To me, the most significant fib there is the yellow range, at c, sitting around the 61.8% retrace.

    e: From March low to April 2011 high -ret
 
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