fib ratio, page-9

From post Post #: 4629656

here http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1016918&msgid=5670586

"OA nice pickup on the breakdown pattern. I saw the same thing but bought in at 61c anyway trying to pre-empt a run up and was stopped out the same day. Keep learning that lesson :-)

Looks like a decending triangle pattern forming? Support at 58c was broken on volume. If it plays out SP may end up around 35ish which lines up with your 61.8 fib retrace."

I didn't really want this to happen either but shows T/A may be good for something......

Rhodes