RE:RE:Ahead50% retracement is standardard technical analysis
In
technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major
peak and
trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%,
50%, 61.8% and 100%. Once these levels are identified,
horizontal lines are drawn and used to identify possible
support and
resistance levels.
From my experience after first wave up 50% is a common gyration.
And those who like to crunch numbers and put price tags on stocks, come on - really!
How many times have we seen that fail.