Hey guys,
The blue line is a strong trend line , and the black line above is a 61.8% Fib level from the monthly charts, the AB=CD patterns CD leg ( fib level 1.41) is exactly on the 61.8 Fib level, indicating on a possible trend reversal.
Let me know what you guys think
Cheers,
Khaine
The blue line is a strong trend line , and the black line above is a 61.8% Fib level from the monthly charts, the AB=CD patterns CD leg ( fib level 1.41) is exactly on the 61.8 Fib level, indicating on a possible trend reversal.
Let me know what you guys think
Cheers,
Khaine
Kommentera:
Stop-loss on this sheet is wrong, should have been under the A leg :)