Fibonacci Retrace

The up-thrust reversal shown at left (black arrow), is at both a Fibonacci 50% retrace as well as 38.2%, on a longer time frame.

‘Normal’ market behavior is to come back for a test (not advice, not a recommendation).

If that happnes, we’ll cover more detail at the next session.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279