Technical_Analysis_page_278

Technical | Analysis page 278 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

Chapter 12 Trends—The Basics 249 and the prices would retrace to them. Modern methods have included marking the Fibonacci ratio numbers of 38.2% and 61.8% and drawing the speed lines through them. As retracements do not seem to follow a consistent percentage, it seems doubtful that much merit…