chart looks sick, page-9

This is how to work out, base on trend movements between High (H) and Low (L). Example 22.5 High and 16c Low . Complete the following 3 steps:

1) 22.5 – 16 = 6.5

2) 6.5 x 0.618 = 4.017 (retrace 61.8%)

3) 22.5 – 4.017 = 18.483 = 18.5c or 18c

OR

22.5 - 0.618(22.5 - 16) = 18.48 = 18.5 or 18

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Retracement equation :

H – 0.618(H – L) = Share price will drop to

Expansion equation :

L + 0.618(H – L ) = Share price will move up to

The above is basic equation for simple prediction. You need more advanced charts to work out.

Good luck