Fibonacci Retracements are ratios used to identify
Post# of 1782
Posted On: 07/18/2016 2:50:28 PM
Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%. After an advance, chartists apply Fibonacci ratios to define retracement levels and forecast the extent of a correction or pullback. Fibonacci Retracements can also be applied after a decline to forecast the length of a counter trend bounce. These retracements can be combined with other indicators and price patterns to create an overall strategy.
VNDM now moved down to .016 ...
My bet is we get a 62% retracement from .0243, test 200MA and then settle around .01-.0125 as the new base.
News from company like the following can change things of course.
financing for manufacturing
debt restructuring
sales agreements
VNDM now moved down to .016 ...
My bet is we get a 62% retracement from .0243, test 200MA and then settle around .01-.0125 as the new base.
News from company like the following can change things of course.
financing for manufacturing
debt restructuring
sales agreements
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