If the first bar entry was too risky for you, there was another chance to get long as price pulled back to test support at the top of the Fibonacci extension.
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Tags:
Trader-X, Stocks, Fibonacci, TXU
Tuesday, May 02, 2006
TXU - 050206; 15-minute chart
posted by Tom C:
If the first bar entry was too risky for you, there was another chance to get long as price pulled back to test support at the top of the Fibonacci extension.
__________
Tags:
Trader-X, Stocks, Fibonacci, TXU
If the first bar entry was too risky for you, there was another chance to get long as price pulled back to test support at the top of the Fibonacci extension.
__________
Tags:
Trader-X, Stocks, Fibonacci, TXU
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1 comment:
Also noticed it retraced from the 1.38 ext back to the 23.6 fib, made a hammer and continued the rally. I notice this type of action alot along with a retracement from the early am high -first 2 hour area- to some fib number then further rally.
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