Well it didn't pull back today as I thought it might. Just drifted slowly downwards. I still think it's overdone, and there are more positve signs by way of pos. divergence today.Tripple bottom formed at 9150....take a look at the daily chart in the next post that analyses fib retacements and similarities between the current chart and that of March this year......
Difficult to call still. Maybe a bounce, an H&S,maybe a pullback prior to more down...I like divergences and I trust trend lines, but are Fib. retracements just a fluke, or are they a good guide?
As an elliot wave, it's down legs got terminated today.
Difficult to call still. Maybe a bounce, an H&S,maybe a pullback prior to more down...I like divergences and I trust trend lines, but are Fib. retracements just a fluke, or are they a good guide?
As an elliot wave, it's down legs got terminated today.