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Can Fibonacci extensions help you avoid selling too early or holding too long?
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Fibonacci extension as profit targets
- Fibonacci extension tool identifies profit targets
- First level at 7,900
- Second level at 8,500
- 100% move could reach 8,500
- Staged exit points for trade management
1:41lesson
Platinum bull runs and Fibonacci retracement
- Platinum bull run from Oct 2001 to Apr 2004
- Recent low after Apr 2004
- 6-month drawdown of 12-15%
- 50% retracement tested
- 61.8% retracement tested
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