RXL
I had 50% fib retrace at 6.5c
amazing how it works LOL
38.2% fib at 7.8c but that wont come into play until 6.5 gets broken & holds
I got some at 5c, expected some overshoot down below 61.8% fib of 5.4c
a bit more overshoot than I expected, down to 4.6c
but under 61.8% fib was still a good entry for a bounce
might be wasting my time here as you probably all know already
just my own interpretation of fibs (I admit might not be as accurate as Pete's)
but most of these bounce trades actually worked for me
It aint perfect tho, that MEU retrace, my fib worked out a disaster LOL
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- daytrading april 12 morning
RXLI had 50% fib retrace at 6.5c amazing how it works LOL38.2%...
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