Rozzapezza...As you know from my posting earlier today, I could...

Rozzapezza...As you know from my posting earlier today, I could see that the 7.2/7.0c level as a possible S/T support and at the moment thats still holds. However, I didn't indicate the next level below that I would be looking at as potential suppt. if that 7.2/7.0c yields. My next level of possible suppt. is ~ 6.5c; why?, well the determination of that level is best illustrated by this chart of NWE ... with the help of that Dead Old Italian Bloke ... Mr Fibonacci. Sure, "coincidences" happen but far too often to ignore!


Nice little Contracting(Equilatorial) Triangle, don't you think?...BUT which way will it break? Definitely up me thinks(and besides, we have all those FA'ers who "know" so as well)!



If you read, or viewed, my earlier Charts you will see what levels I see as future resistances once we have the next swing low in place.