SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : MB TRADING
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rick Faurot who wrote (4949)6/20/1999 12:35:00 AM
From: max  Read Replies (2) of 7382
 
<<One problem I am having is that I cannot tell which fib line is which since they don't appear to be labelled>>

Rick-The .38 pivot is the nearest one to the support/resistance you're retracing from (38% retracement of the range), the .5 is the middle, and the .62 is nearest the other end(62% retracement). My understanding is that .5 is not a true fibonacci number, but is included in fibonacci figures due to its psychological significance. The .38 extensions of prior ranges are often the exhaustion point of the move due to the natural rhythms you mention.

Hope this helps.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News