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  1. #1
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    Quote Originally Posted by tony View Post
    If I could look at the chart and tell that for sure I'd be well on my way. I'm still trying to grasp reading the charts in depth like that.

    r and s values are based on fibanocci calculations. while relevant graph's, you have to understand the fundamental of the math because a single graph could certainly mean more than one thing in relation to resistances and support. i'm not quite sure on what "basis" other than just looking at trend, that danny is saying this is a foundation and not just meeting a high resistance.

    i bring this up because i know bzcn was mentioned somewhere in this thread..... but they are up 90% for today so far

  2. #2
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    Quote Originally Posted by Verik View Post
    r and s values are based on fibanocci calculations. while relevant graph's, you have to understand the fundamental of the math because a single graph could certainly mean more than one thing in relation to resistances and support. i'm not quite sure on what "basis" other than just looking at trend, that danny is saying this is a foundation and not just meeting a high resistance.

    i bring this up because i know bzcn was mentioned somewhere in this thread..... but they are up 90% for today so far
    I appreciate it, I kind of see what is being explained. As it raises its meeting the resistance that sends it back downard, but the graph is relatively level so there may be a base forming has it jumps up then trends backward. Correct me if I'm wrong here.

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