OTCPK:EUCTF - Post by User
Comment by
bullcharton Jun 19, 2015 1:01pm
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RE:RE:50% Fibonacci retrace
RE:RE:50% Fibonacci retraceEzemoney.. yes...
Many traders use 50% with the 23.6, 38.2 , and 61.8% fibonacci. Stockwatch has the 50% in their fibonacci indicators.
"Way to go yet" .. Not really. If you take from May 21 after the gap up and extend to the high of 17.5 cents ,, You will see that the 61.8% retracement lands .105 and .115. Exactly where we are at the moment.
Should you take the Full move from the May 14 bottom to the 17.5 high, that retracement sits between .09 and .10 cents.