Hi friends,For those following the fibonacci retracement ratio...

Hi friends,

For those following the fibonacci retracement ratio chart for tracking pivots highs and lows, here's the latest update,

As previously described, the pivot lows of this downleg so far seems to trace out the sequential pattern of 1.5, 2.0,1.5....as circled in red on the chart, so will the next temp. low pivot be expected at 2.0 again?

If this sequential ratio is followed, the next retracement ratio number of 2.0 will peg the possible next temporary low pivot at 4438.07 ( NOT the final low !) as marked on this updated chart. So let's watch and see:)



Note:. Note all the "ifs". This is just a technical scenario. It may or may not happen. We are just observing occurrences over the next few days. This is NOT a forecast.

Trade well, trade safe.

dascore