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    • southernmind replied Jul 23, 2008

      I forgot to add this important descending trendline. Price should be in for a hell of a fight to the upside once it reaches that area. However, if price waits until the end of the week to reach that area, and closes there, I wouldn't feel as ...

      Fibonacci GONE WILD
    • southernmind replied Jul 23, 2008

      DAILY GBP/JPY — There is a lot more going on with this chart, but I wanted to highlight this aspect of it. I was being conservative with the pips on the short trade. Price could very well return to the area of the swing high at 213.88 or even ...

      Fibonacci GONE WILD
    • southernmind replied Jul 23, 2008

      DAILY EUR/GBP — The red channel lines in this chart represent warning lines based on the angle of the upper median line of the original pitchfork and the high made after price broke outside of it. A copy is then made and the middle median line ...

      Fibonacci GONE WILD
    • southernmind replied Jul 23, 2008

      It's just a standard pitchfork with the red lines representing the mid-point (50%) between the median lines. Whichever way you think price is headed, the highlighted areas are high probability targets (and potential support/resistance)

      Fibonacci GONE WILD