@Trade4Profit88 yes that right as you say..but after that, price also needs to get above the 50% or 62% Fib level of the retrace as well, then whooska..sometimes it will break these Fibs with no resistance at all and then do a small back test from above, other times it will resist from the get go as in this case. looking at DXB it went right through the 50% Fib on that one at 16c then did a few back tests from above before really taking off.
@Trade4Profit88 yes that right as you say..but after that, price...
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Last
2.5¢ |
Change
-0.001(3.85%) |
Mkt cap ! $7.314M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.7¢ | 2.5¢ | $36.52K | 1.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1097358 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 150000 | 1 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| RCR (ASX) Chart |