hi mongo: I noticed today that you re-entered bhp at 2993 the 161.8% level..I have been trying to work with e fib levels but am not sure if I am getting it right...you use 161.8% but I have been using 162%...so I am guessing that your's is more fine tuned..is that correct...
Below is the 1min intraday for BHP which I used for my entry at 2998 and also yesterday's NCM (sorry BHP'ers) intraday chart which I did two trades on at the 162%.
The question I'm asking is have I placed the point of orientation correctly to get the correct 162% reading..ie: where should the 100% and 0% be?
fib question for mongo
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Last
$42.90 |
Change
0.270(0.63%) |
Mkt cap ! $218.4B | |||
| Open | High | Low | Value | Volume |
| $42.95 | $43.20 | $42.81 | $85.94M | 1.998M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 480 | $42.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $42.91 | 356 | 4 |
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| Last trade - 13.24pm 06/11/2024 (20 minute delay) ? |
| BHP (ASX) Chart |