Fibonacci Extensions and Retracement

18 בפבר׳ 2019

Despite the complicated mess of the use of Fibonacci's. I employed the importance of patterns to support when will the next overbuy. Pay close attention to the Fib-Extension charts (grey) and see how the maximum points always deflect off of the 1.414, which is why this current stock should also reach to the 1.414 in the latest (grey) area which also hits the rend line which is horizontal. Last thing is this structure of the triangles ensures a 80% accuracy if the structure of the triangles are as similar and just so, it also marks with the 1.414 and the horizontal trending line.