Using Fibonacci Fans we can see a "swingout" method in lieu of parrallel trends. It still amazes me how price seems to gravitate to Fibonacci and Pivot levels.
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Blog description
- Rodney
- A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.
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