W3, enjoy your posts, find them both insightful and informative. However am a little baffled as to how we have such differing price points for the 61.8% Fib?
W3 Chart
Charlie chart
As you can see from my attached chart I have 61.8% Fib at 23.2 and current price hovering around 50% Fib of 27.8. Not too sure why the difference?
I have run the Fibs from the 6 month low to the ATH mid September 2022. Must be something to do with the time frames however none to sure what?
Of course you are under no obligation to offer an explanation however quite curious.
For what it’s worth, my view is that this will range around the .26-.28 mark until SP “catches up with 8 ema and 20 ema. Principal reason for holding this view is that scholastics are showing over bought and Bollys have been walking the upper band and now returning to the centre line.
Just my take
Not a buy for me at the moment however good luck to all holders.
Charlie
