Phoebe-nacci_Phobia

Phoebe-nacci_Phobia

Take the dip of double bottom (1.1980). Extend the Fibo passing from next high point (1.2700) and then following low point (1.2100). This extension is forming the support/resistance lines. Fibo extension 1.000 built up 1.2820 level. Extension 1.618 is building 1.3250 support/resistance level.

Phoebe-nacci_Phobia

Fibo series continue. (10th of July dip was a false signal) Take 10th of May low point and 8th of September high point for Fibo retracements. Fibo 61.8 tested, next target is Fibo 78.6 at 1246 level.

Phoebe-nacci_Phobia

Sell idea for 260 pips Sell 1.1860 (Fib 23.6) Take Profit 1.1600 (Fib 50.0)

Phoebe-nacci_Phobia

Take 11/09 low and 12/15 high. Price is bound between Fibonacci retracement 23.6 and 61.8. Then out of this range, take 23.6 as high point and 61.8 as low point. Fibo retracement area between these levels are where we are now. Latest reaction from 78.6 signals short position.