$FB 1yr daily, Inverted head an shoulders with a breakout, so im learning that patterns have a measured move, so if true then the measured move would put FB around 300$ however the 161.8% is at 278.66 area, lets see what happens.
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@SmittysAnalysis It's not 161.8, it's just 61.8. Here is a chart showing the fib ratio's. It's not an inverse H&S either, it's a C&H that broke out and the measured move is usually the length of the cup. So the cup broke out at 216. The fib ratio for that would be 16.8% rounded off to 17 would give a move of 37 points. 216 + 37=253. That is your measured move price. Hope that helps.
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