A Blue Day8 Aug 2019 18:01
Just a little one, closing SP 7.2/7.8, just the two trades, 100k and 63k buys, NO sells more importantly, and the MMs close taking 150k shares at 7,33, started the day at 7.07.
Just thinking about the Fibonacci Retracement articles from last night, and the 50% figure was introduced after the original levels, which is interesting as at the high we were 150% up from the 3.7 level, and at todays close 7.50 we are a smidge over 100% up, which means we have retraced 50%!! Phew thats a mouthful. Never given much time to TA, probably because I have never studied it, still feel it is a self fulfilling chart, but very open minded to it.
Night guys, self fulfilling or not, it has got me interested, and that is only a good thing.