Saturday, October 3, 2009
I've been looking at Tony Caldero's site today, and I think he has it right. A failed fifth! Like he said, it's fitting for P2 to end with a failed fifth. I was hoping for an ED but this works for me.
We will see, but I with this scenario the Fibonacci Extension works out to 1002.68
It's probably six of one and half a dozen of the other, because the 1025-1040 range stands as the retracement range. But I like Tony's failed fifth.
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Posted by Robert Campbell at 17:20