http://chartsview.co.uk Sat, 27 Jul 2024 05:28:41 +0100 chartsview rocks baby /components/com_kunena/template/blue_eagle/images/icons/rss.png en-gb http://chartsview.co.uk/technicals/3163-persimmon#17832 http://chartsview.co.uk/technicals/3163-persimmon#17832

Persimmon.

When taking fibs, are we taking fibs from 2020 covid low, or the 2009 low?

It's only that PSN has already gone through the 61.8% fib from 2020 low, meaning I believe (usually) a full retracement, targeting around 1550.

However, if we apply that to the DOW, 61.8% fib, the lows would be:

61.8% fib from 2020 low, DOW target 26,500.
61.8% fib from 2009 low, DOW target 18,500.

18,500 would be some target, but with all this talk of Recession, perhaps the 50% retracement around 27,500(covid low) is a more realistic target.

The 2020 covid low, tied in very well with the 2009 50% fib retracement, as attached chart.]]> Technical Analysis Thu, 19 May 2022 09:31:23 +0100