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Originally Posted by MickMason
Here's the charts from my trade this morning, target was just met, does that help?
To draw in projections from a retracement level in a downtrend draw from the low point to the retracement level to give you 161.8, the opposite in an uptrend.
Cheers
Mick
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Hi Mick, based on your fib1, wouldn't this be a failure of fibo, since the price did not follow through after breaking the 61.8% level?