The stock has continued to decline for a long time, but it starts to rebound. Now explain the safe way to ride the rebound.
- Check 61.80% creation
- Draw fibonacci fan lines to connect low(begin) to next low(middle), 0%
- Check bounced up from topped fibo fan line. ** Bouncing can occur at other fibo fan lines other than the top line.
- Check golden SMAs cross up. SMA20 curve(Blue) crossed up over SMA100(Green)
- Profit cut is based on the Fibonacci fan line which bounce up occurred. That is, if the stock price drops below the related fan line, it will be sold.