Quick Follow Up To Our Latest Fibonacci Video
In our last Video on how to use the Fibonacci retracements with the ONE44 rules and guidelines a couple of key things happened and sharp moves followed.
All of the videos are for educational purposes, so even if it is not the market you are following it is still worth watching how things play out from these Fibonacci retracements as the rules and guidelines are the same for ALL markets.
In February Hogs it made a slightly lower low and held a long term 61.8% level at 65.15 and got right back above the previous lows. We said if this happens it can cause a sharp rally. In two days it rallied $5.00 and we think there is more to come on the upside, you can find what the target would be if 61.8% held in the Video.
In Crude Oil we said you had to watch the 78.6% level below at 69.70, failing to make a new low at a 78.6% level can be the end of the down move for now, just as it was the end of the up move on 12/20/23 at 78.6%. The targets on a move from here are in the Video as well.
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Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares.
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