osh- for madmacs Hi Madmacs.just wondering why you chose 1.42...

osh- for madmacs Hi Madmacs.

just wondering why you chose 1.42 for your top fib level?

Did you just drag it up to this point so that the other fib levels correspond to what the price has been doing?

I'm a fib/Gann beginner so pardon my ignorance.

I drew a fib retracement from 18th/nov 2003 to 9th of August 2004.

38.2% fib level is about 1.20, this would be a possible bottom if 1.28-1.27 does not hold in the short term.