Looking at where we are now,
My Division of 8ths / Fibb road map has 4174.95 as 23.6% fibb level in current range before dropping to 4066.3 support for this range based on historical data from 07 high to 09 low.
Today we bounced of the 23.6% mark.
The next range lower is 3605.9 to 4066.
This range had 4 months of congestion on the way up and may have high probability of revisiting that congestion.
Above is derived from historical data and is no indication of future movements but probabilities are there.
Good trades all.
Today was priceless. Spent time with friends.
P.
fryday trading, page-117
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| XJO (ASX) Chart |