Hi friends,For those interested only:Update of the Fibonacci...

Hi friends,

For those interested only:

Update of the Fibonacci Ratios Chart



OBSERVATIONS:

1. We have achieved a 1.5 retracement of the immediate uprange as shown on the chart.
2. Actual turning points (pivots lows) have always been identified by a retracement ratio of 1.5 or 2.0, which has been in a sequence of 1.5 or 2.0
3. If counting is sequential, we are expecting an actual low pivot at a retracement ratio of 2.0 -BUT if sequential counting is not followed, we have the possibility that the 1.5 ratio achieved yesterday might mark another pivot low.
4. Pivot lows identified in this way are just low points where a turning point has been seen - there is absolutely no claim that such a turning point is the final low. Pivot point has not been checked for confluence with other factors/indicators to determine such status.

Happy trading

dascore