RHK 0.72% 70.0¢ red hawk mining limited

You clearly did not read my previous posts. Fibonacci...

  1. 1,843 Posts.
    You clearly did not read my previous posts.

    Fibonacci retracements are often not the main expression of the 'golden ratio' within a stock's price movements. Your devotion to such a rough guide would not be an issue for me personally if it were not embedded in abrasive and inflammatory texts, such as "my family was out", "i was out", "fibs work perfectly", and so on. You're annoying, and your message would be more widely accepted if it weren't suffocated in smug.

    Ironically, we are discussing a stock that does show some conformity towards the retracement levels. The point is the movement can be timed and measured much more accurately by incorporating fan channels and time expansions.

    As my chart earlier in the thread demonstrates, the retracement levels provide some entry and exit points, though they are neither as accurate nor as numerous as related methods.

 
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