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Catching Big Waves - a trader's journal of surfing the the markets
Gary, just an observation... I don't know why Daily charts show market bottoming @78.27 on 8/9 when in fact CL (Sept contract) went all the way down to 75.71 the previous evening (on 8/8). I actually saw that happening and marked it on my charts and still Daily chart on my NT (like your chart above) shows differently... Anyways, that would change the Fibo levels a bit lower, doesn't it?
Can you help answer these questions from other members on NexusFi?
