Drawing two fibs, one from a swing low last Wednesday I got
38% retracement and then drew another one from the swing low
on Tuesday that was 61% retracement. Both on a 60min chart.
Looks to be fib confluence in that area. Who knows whether it will
hold. After that fib support is 14.24 then 13.90.
Drawing two fibs, one from a
GDX pullback nears 61% Fib
Posted by EdZ on 13th of Aug 2015 at 03:05 pm
Drawing two fibs, one from a swing low last Wednesday I got 38% retracement and then drew another one from the swing low on Tuesday that was 61% retracement. Both on a 60min chart. Looks to be fib confluence in that area. Who knows whether it will hold. After that fib support is 14.24 then 13.90.
Agreed. The 34 ema is
Posted by pwb8 on 13th of Aug 2015 at 03:26 pm
Agreed. The 34 ema is also near on the 60 min chart.