They say hindsight is 20/20.
I was reviewing some stocks I follow today. Saw here where C has pulled back to the long-trend DMA,and that just happened to coincide with the Fibbo gold bar retracement and the trend line from earlier that it has touched a couple of times. An approximate 3-day consolidation and it is off to the upside again.
Here is where I could use some help. When a stock bounces off the Fibbo like this, where does it run to next? If you were looking to figure out where C runs up to before its next top/consolidation, where do you see that and why? TIA
I was reviewing some stocks I follow today. Saw here where C has pulled back to the long-trend DMA,and that just happened to coincide with the Fibbo gold bar retracement and the trend line from earlier that it has touched a couple of times. An approximate 3-day consolidation and it is off to the upside again.
Here is where I could use some help. When a stock bounces off the Fibbo like this, where does it run to next? If you were looking to figure out where C runs up to before its next top/consolidation, where do you see that and why? TIA
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