MAY 28.1% 2.3¢ melbana energy limited

Thx for the chart W with the key (Long and micro Short) fib...

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    Thx for the chart W with the key (Long and micro Short) fib levels / I am anticipating MAY to find support at the ambush zone ( between the 61.8% and 50% retracement levels.)
    If it bounces of the 61.8% I anticipate the SP to head towards the -23% Extension target at the 8.1 -8.2s before the next retrace. Fib level retracement and Extensions with confluence of previous Highs and Lows do really well on Commodities like CL and GC. CL is my baby. My mentor is David Halsey from eminniaddict.


 
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Last trade - 16.10pm 11/07/2024 (20 minute delay) ?
MAY (ASX) Chart
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