Please feel free to comment, correct or add any other info, Cheers.
Here is NEA (nearmap)
Charts are Daily Bars/Candles on approx. 6months time frame.
No Volume or Trend Lines. Focusing on the Fib areas for this case.
I will use thumb nails.
This chart now has the new Fib Retracement areas (in red) from the last high 20 July.
This chart I have overlapped all the Fibs so far.
We can see the next Fib Extension (in green) has been reached and now a new set of Fib Retracements included (in red) this would now be a potential area to watch for an entry.
Also note that in this trend a pattern of the Fib Extensions only hits the 61.8% then on Retracement which is also bouncing around the 50%.
And the 100% Fib Extensions (in green) correlate with the next Fib Retracement (in red)
Please note that due to the speedy previous run this new retracment may take 2 or even 3 weeks and may even dip slightly lower than the Fibs (shakeout) Best to watch for now.
