Chart, page-16004

Pretty much. That and the pattern of previous years and the rate of fall. I tend to target dates for significant turns which then sets the RSI track which has to reach a particular level by the target date. After it blew 104 on the way up and I recalculated the patterns and I picked 127 as the target, in the end it got 132. On the retrace, originally it was tracking below my 90 target line, which was a surprise but after today it has pulled closer to my 95 and 101 line. I have a declining wedge that seems to close around 105, and I would have expected a 112-114 as normal for a climbing share from 132 and in this pattern (ie. apex of the middle rise in the double bottom pattern). The GXY pattern is for a 30% pull back between the 13 Jan and 12 Feb and then a quick recovery by the 23rd'ish, 30% would take it to around 90-95, but I think that is too aggressive this time, so moderating the pull back by resistance lines and Fib retrace bands gives a target of between 103 to 109, which also ties in with the closure of the declining wedge which is circa 107. I trade in a 5c trading window because of the number of share I am moving and any narrower would alter the price movement, or cause me to spread over a couple of days, so for me a 101 target means 101 to 106. In this case I am thinking it might be anywhere between 101 and 110, so 107 seems about right give or take 3c either side.