Thread: clarification needed on trading with fibs
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Old 30-06-2005, 08:43   #6
foamgod
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Re: clarification needed on trading with fibs
Quote:
Originally Posted by MickMason
Hi foamgod

A failure? No, it retraced 61.8% and met target at 161.8%, that was the plan.


Mick
Doesn't a 61.8% retracement imply that a new trend is establishing itself?
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