Goldtent TA Paradise

GDXJ 78% Fib

1. Jim says:

   May 23, 2019 - 12:16 pm at 12:16 pm

   Swami…thanks for edumacating me. I didn’t know 78% (actually 78.6%) was a Fibonacci retracement percentage…but it is.

2. Swamimeister says:

   May 23, 2019 - 12:52 pm at 12:52 pm

   Yes. Unfortunately, Stockcharts doesn’t put in the 78.6 percent so you have to figure it out yourself. Trading view does include it as well as fib retracements which gives the fibs for rising trends. It’s really an important fib number and a good one to watch when timing is good for a trend change.

3. Northstar says:

   May 23, 2019 - 1:17 pm at 1:17 pm

   A strong possibility I would say.

4. pedro_deleon says:

   May 23, 2019 - 1:37 pm at 1:37 pm

   My read is a dead cat. Not a turn.

   Be careful on index shorts too.
   But they will likely be back with a vengeance, later.

5. Swamimeister says:

   May 23, 2019 - 2:55 pm at 2:55 pm

   Looks like you are probably right. Fading at the end of the day dosn’t look good.