TA: Falling Wedge (part 2)
Still analyzing the TA chart...
After breaking out from the falling wedge last January 2, 2008, it has made a pullbacks/throwbacks back to the point where it made its breakout.
It seems after reaching 1.38 it went back to 1.24, then went up to 1.32 and down to 1.24 then up to 1.28 =)
I did the Fibonacci ratio and here are my figures
23.6% - 1.28
38.2% - 1.32
61.8% - 1.38
100% - 1.46
Well, isn't it amazing how the price keep on touching at those price levels?
After breaking out from the falling wedge last January 2, 2008, it has made a pullbacks/throwbacks back to the point where it made its breakout.
It seems after reaching 1.38 it went back to 1.24, then went up to 1.32 and down to 1.24 then up to 1.28 =)
I did the Fibonacci ratio and here are my figures
23.6% - 1.28
38.2% - 1.32
61.8% - 1.38
100% - 1.46
Well, isn't it amazing how the price keep on touching at those price levels?
Falling WedgeTA Chart Pattern as of January 09, 2008
0 comments:
Post a Comment