erich, I agree! Isn't it interesting though that we can use two different sets of reference points and the fib tosses out a level that is close enough to the same.
I have used the highest and lowest point of the accumulation phase and have found this very effective in predicting targets when the price action eventually "jumps the creek"
chart, page-53
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)