|Nifty - End of Day Chart - 13 01 2012|
The Fib61x was mentioned - couple of posts ago - as being @4868 ... Nifty closes this week at 4866 :)
See also the precision with which the Price line touches the confluence of our red channel top and Fib61x .. Bulls and Bears face off - even!
So why is Fib61x so critical .. why indeed is Fib - Fibonacci revered by Technical analysts? Well it comes naturally (pun intended) or so it seems ... here is some weekend reading..