I Spi a Fibonaccci


I Spi a Fibonaccci

Try this one. And thanks to a previous (I won't say old) advanced class participant for this one.

1987 top 2364 points. 1987 low 1054 points. Retracement down (helluva retracement) 1310. 1310 multiplied by 1.618 = 2120. 2120 plus 1054 = 3174 possible target and likely resistance at this price, the first time the market trades there.

The high of the market so far has been 3165, April 28th. Coincidence, or Fibonacci working ? Who knows.


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