There's no place better for Fibonacci lines than a news-driven spike

Discussion in 'Technical Analysis' started by ForexLive, Oct 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    Quick moves on unexpected moves t Quick moves on unexpected news tend to overshoot in the first few hours as stops are squeezed and fear takes over. The bounce comes as profits are taken and bottoms are picked.

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