2012年5月1日星期二

Fibonacci daycount behind ordinary trendlines!

Nikkei and Yen broke their   recent lows this morning appearing that it will bring markets further down. But after intensive studies, we discover that the market will hold at these supporting trendlines. And those trendlines are not only drawn by connecting high(s) or low(s) but all being of  fibonacci time series important.
Interesting figure as belows:-


1/- Red line =203 days
or
406/2=203


2/- green line 411
or
233x1.764=411 days

3/- blue line=154 days
or
406 x 0.382=155 days +/-1

4/- upper channel line =101
or
406/4=101.5

5/- lower channel line=109
or
173 x0.618=107 days +/-2 days

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