They say hindsight is 20/20.
I was reviewing some stocks I follow today. Saw here where C has pulled back to the long-trend DMA,and that just happened to coincide with the Fibbo gold bar retracement and the trend line from earlier that it has touched a couple of times. An approximate 3-day consolidation and it is off to the upside again.
Here is where I could use some help. When a stock bounces off the Fibbo like this, where does it run to next? If you were looking to figure out where C runs up to before its next top/consolidation, where do you see that and why? TIA
I was reviewing some stocks I follow today. Saw here where C has pulled back to the long-trend DMA,and that just happened to coincide with the Fibbo gold bar retracement and the trend line from earlier that it has touched a couple of times. An approximate 3-day consolidation and it is off to the upside again.
Here is where I could use some help. When a stock bounces off the Fibbo like this, where does it run to next? If you were looking to figure out where C runs up to before its next top/consolidation, where do you see that and why? TIA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.