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Dimitris Tsokakis
P. S. Similar codes may be written for other significant time retracements
and the conjugate codes for the downtrend calculations.
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<DIV><FONT size=2>The downtrend began at A and ended at B.</FONT></DIV>
<DIV><FONT size=2>When we combine price and time Fibonacci paterns for an
uptrend,</FONT></DIV>
<DIV><FONT size=2>we search the possible end of the uptrend, to sell the
stock</FONT></DIV>
<DIV><FONT size=2>As you see , the stock retraced almost the 50% of previous
losses</FONT></DIV>
<DIV><FONT size=2>and at point C we have price retracement 0.381 AND time
retracement</FONT></DIV>
<DIV><FONT size=2>0.381 also (red vertical line).(As you read in the title :14
days ago)</FONT></DIV>
<DIV><FONT size=2>I am affraid that someone who saw the stock coming backwards
from</FONT></DIV>
<DIV><FONT size=2>the 50%, saw the coincidence of 0.381 and , above all the very
low </FONT></DIV>
<DIV><FONT size=2>opening of the next to C date, would suppose a sell
signal.</FONT></DIV>
<DIV><FONT size=2>Note here that we are in day C, the future is
unknown.</FONT></DIV>
<DIV><FONT size=2>The stock raised again, it was something like a Fibonacci
whipsaw,</FONT></DIV>
<DIV><FONT size=2>did not stop at 0.618 and the next level is 100%
retracement</FONT></DIV>
<DIV><FONT size=2>I never felt safe with these signals. Sometimes I was lucky,
but not always.</FONT></DIV>
<DIV><FONT size=2>In my opinion, the weak point here is that this 0.381 as
the other</FONT></DIV>
<DIV><FONT size=2>Fibonacci ratios are predetermined, the day C will always be
the day C,</FONT></DIV>
<DIV><FONT size=2>no matter what happened the day
C-1.</FONT></DIV>
<DIV><FONT size=2>Any way, this is personal opinion, any one interested for
Fibonacci time</FONT></DIV>
<DIV><FONT size=2>intervals, enjoy and use above codes.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Dimitris Tsokakis</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>P. S. Similar codes may be written for other significant time
retracements</FONT></DIV>
<DIV><FONT size=2>and the conjugate codes for the downtrend
calculations.</FONT></DIV></BODY></HTML>
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