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I don't know about Fib numbers but I have a target of $5.35 for SB9K with a 70%
probability of getting there. If this acts as support you can expect a
retracement. If it breaks throught that number the next target to the down side
is $4.18. It only has a 60 % probability. Ira.
BrentinUtahsDixie wrote:
> Hi, I've been trading this Sugar down trend for awhile. I have put 3
> different Fibonacci extensions on this May Sugar chart I'm attaching in
> hopes of saving 1000 words or so. So how could someone benefit? Beats me. It
> takes awhile to get a handle on how to place these on charts. I look for
> major pivots. Are they always perfect? No. Many other extensions are used
> inc. 2.62, 3.0, 4.0, 4.23, 5.0, 6.0, 6.85...
>
> Brent
>
> ****************************************************************************
> ********
>
> >How could anyone benifit from this approach?
>
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> Fib_ext..gif Type: GIF Image (image/gif)
> Encoding: base64
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