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2.7¢ goldoz limited

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Stockrocker

7,057 Posts.

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20/03/17

21:40

Post #: 23493873
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Originally posted by W3hunter ↑

We might have seen another pivot high here today (082c).price reached the upper trendline which is also a 62% retracement of the last down leg from 09c -07c...its been 17 trading days now since the high at 11c and we havet yet had a minimum 50% retrace of the whole uptrend 023c to 11c. (50% is pretty standard for any correction 62% is even more common). theres been 3 other pivot highs during this downleg (11c, 10c, 09c) each one found resitence at a 62% Fib and then led to a new low in the opposite direction...I think this week we might be testing the last low of 07c and possibly even see a new low. View attachment 513138

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The people that are waiting for a wave 3;

MUS Price at posting: 8.0¢ Sentiment: Buy Disclosure: Held
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