Fibonnaci pullback
Can anyone explain how we can use wisdom to use the Fib after 6 Trading days,
ie High $8.00 low $2.35 = $5.65
We passed the 50% pullback of $5.22 today
Now 62.5% is $8.00 less 3.53 = $4.47 support
Now 87.5% is $8.00 less 4.66 = $3.34 support
Any thoughts would be appreciated.