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JamesinLA wrote: Mitch,
> I just started using fibonacci retracements as filters and as an
> indicator.
> I've set up three support areas: 33%, 50%, and .618. Are those the
> correct
> numbers? Thanks.
> Jim
Yes ...those are correct. You can also use .79. If price breaks .79
retrace...get out.
Also If price fails to make even the .382 retrace...this tells you trend
is super strong....get on board in direction
of trend
good luck, Mitch
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