Quote:
Originally Posted by daydreamer65
Hi Tony hope you had a good holiday.
Would you just explain the significance of the 78.6 fib,
where was this from, is it (159.76?- 161.19?) retracement
on the 15M chart?
TIA
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Hi DD, yes I did thanks. The significance of the 78.6 retracement level I picked up from Jimmy Young. Interesting to put it on your chart and see how often it comes into play. On some evenings it can be highly predictive of a direction change