SPX EOD 29/04/2016
THIS FIBONACCI GRID WAS USED EARLIER TO EXPLAIN RALLY. SAME FIBO GRID NOW I AM FOLLOWING FOR PRESENT FALL ALSO. IF WE LOOK CAREFULLY THEN FALL ON FRIDAY WAS UP TO 200% LEVEL OF FIBO GRID WHICH VALUES 2051. THIS ACTED AS A FIRST SUPPORT.
FIBONACCI LEVELS DO HAVE A SIGNIFICANCE ON MARKETS ONLY THING WE NEED TO FIND PROPER FIBO GRID
THIS FIBONACCI GRID WAS USED EARLIER TO EXPLAIN RALLY. SAME FIBO GRID NOW I AM FOLLOWING FOR PRESENT FALL ALSO. IF WE LOOK CAREFULLY THEN FALL ON FRIDAY WAS UP TO 200% LEVEL OF FIBO GRID WHICH VALUES 2051. THIS ACTED AS A FIRST SUPPORT.
FIBONACCI LEVELS DO HAVE A SIGNIFICANCE ON MARKETS ONLY THING WE NEED TO FIND PROPER FIBO GRID
