AB = CD downward projection to 0.9821.
From a Fib perspective the previous up leg completed at 88.6% fib of previous AB leg thus the ideal reciprocal target of this move would be the 113.0% extension at 0.98177.
Thursday, 8 March 2012
UsdCad
Whilst the previous up leg did exceed the AB=CD target at 0.9984, current decline sets us up for another
AB = CD downward projection to 0.9821.
From a Fib perspective the previous up leg completed at 88.6% fib of previous AB leg thus the ideal reciprocal target of this move would be the 113.0% extension at 0.98177.
AB = CD downward projection to 0.9821.
From a Fib perspective the previous up leg completed at 88.6% fib of previous AB leg thus the ideal reciprocal target of this move would be the 113.0% extension at 0.98177.
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