0.618 rule, page-13

Madmacs,

Good work with your chart.

As I said, 0.618 maybe has been done at 6.7c instead of 6.4c and that FDL may not drop to 6.7c again or below. But who know?

If tomorrow can’t beat 10.5 then the up beat cycle is ended. If it beats 10.5c, then the up swing of 0.618 may apply :

[0.618 (15- 6.7) + 6.7] = 11.8294 = 11.5 to 12c.

If more than 12c then may hit 15c to form a double top. But I doubt it will be. I just watched people gamble with FDL. Hope no one burns their fingers!

Good luck to all