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Hi Makattack,In theory yes, you wait for the retrace and buy on...

  1. selmax
    8,028 Posts.
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    23/01/10
    13:26
    Post #: 6239281
    Hi Makattack,

    In theory yes, you wait for the retrace and buy on the level and sell on the next level.


    Me don't understand "why" it works, but I just know it works most of the time. Same as elliott wave.

    Normally, if I see a run, and when the run is over due to a series of (lower lows and lower highs) then I would look for Fib retracement level.
    DDT Price at posting: 5.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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