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pantheo
May 13, 2014 11:45 AM

DJIA: APPROACHING 1,618 FROM 2009 LOW 

Description

Coming after outside reversal, this months candle has to fight with 1,618 fib from important 2009 lows, right at the infamous trend line which connects the 2000 and 2007 highs. If daily or intraday print a rejection/reversal confirmed candle, it will be a good spot for a short.

Cheers,

Panos
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