Using the Fibonacci sequence (as STMTS detailed) a fulcrum can be identified between the high and low. Using this fulcrum to identify that if it is crossed twice - the second crossing signals a 'buy'.
Question is.....
When plugging in the sp numbers do you use the closing price or the fact that the sp 'touched' that value during trading.....
ANy help insight appreciated.
In relation to RES I think we are now either looking for a buy signal - passing 76c without dropping below 73c or a new higher-low.....lower than 73c.
RES Price at posting:
68.0¢ Sentiment: Hold Disclosure: Held