Technology Stocks : Cohu, Inc. (COHU)
COHU 21.75+1.7%Sep 21 4:41 PM EDTNews

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To: robert b furman who wrote (6485)12/22/2017 12:42:10 PM
From: robert b furman  Read Replies (1) of 6586
Correction of fib retrace levels - using the low of 10.01 on August 5th 2016 to the high of 26.17 on OCTOBER 31 2017

23.65 retrace is at 22.33
38.2 % retrace is at 19.98
50% retrace is at 18.08
61.8% retrace is at 16.18

So the 23.6% retrace has been exceeded last week and price is coming down to it again today.
The next fib retrace would be the 38.2% level @ 19.98.

Keep in mind that this covers the entire advance from august 5th 2016 to October 31 2017.

It has been a big and long wave up!

Accordingly the retrace are big price drops - but it gives us a perspective.

EW says the 50% and 61.8% retraces get reached 73% of the time - but they relate to smaller time wave counts - NOT a 14 month wave up.

Lower Keltner today is 21.43 and the lower Bollanger is at 20.89

No real coincident multi # points as the 23.6% retrace is the supporting number today.
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