A question if I may...
Looking at the following picture, how would I know that although the price seemed to stall at A (the fib 50.00 mark) it would actually continue up to B (the 61.8 mark).
The stochastics would seem to indicate and area of over buying at A also, which would lead me to enter the trade there looking for a return down to a lower fib line.
If the answer is simply "You can't know for sure" then that's fine. Or am I missing something else here?
Thanks a lot guys!
Cord
