An Extended Technical Argument for Higher Prices This Year

Fibonacci Consolidations and Extensions

Dear Readers,

Where last fortnight’s article was more of a theoretical exercise [a maturing market on the macro], time now to swing back to the technicals of this current market. I’ll here be focusing on Fibonacci measurements, and how they apply to both the horizontal and vertical axes of the chart, to both price and time.

First of, the multi-year techni…