Im doing it to test my TA, and to argue with many traders. So,
I believe in this compt, i have it for a long time, and it worked pretty well. We've in a correction, and the 5 waves going up ended with a , with a for the 5th wave. So, just using fibonnacci, we can have a bottom aroung 6k5, and it would do a , which is veeerry for investor on long terme. The probability of this event is kinda high in my opinion, because all of the fibbonacci lead to this zone.
Which fibo ? The fibo on the big 5 waves going up with the 78.2% level. The 1:1 extention of fibonnacci from wave A. And the -61.8% level of the (not ended yet ) C who is still in formation.
Is there any trader here ? What is your compt guys ?