RE:RE:RE:OuchMesa1, what happens when you lose the bet?
"In the hands of an amateur or someone with an agenda ... well, it's buyer (or seller) beware"
LOL, amateur...
mesa1 wrote: Pamps, we both know you can draw trend and support lines many different ways. My own charts show a very different interpretation. Try stretching a Fibonacci Retracement on the weekly chart to the top and bottom of the candles (not the shadows) from the June 2013 lows (equal to the October 2014 low btw) and the April 2014 high. You will note the 61.8% retracement is where we have found support, just like FCU did in October and again December 2013. It is also where the gap started in January 2015 and resistance was found in Nov, Dec 2014 and again in Jan 2015 before it gave way to a nice breakout.
So, you're saying this support area we are testing here will break this time? Right?
I'll bet it doesn't.
But what I'm not going to do is post charts and my private analysis in an attempt to convince others. What I am prepared to point out is that you don't have the answers, only one opinion backed up with your own interpretation. Technical analysis is as much an art as it is a science, probably more so.
In the hands of an amateur or someone with an agenda ... well, it's buyer (or seller) beware.