Ger30 again, the short term long I noted on an earlier post bounced as expected but would have resulted in a loss if the stop was below X,
Behaving as expected, the rally is now coming back up into the 5.0 pattern noted earlier which also coincides with a bearish Cypher patter around the same level...
I suspect 11920 is going to be a formidable resistance level with some form of reaction there to the downside I still remain longer term bearish and am position short but this could offer a shorter term opportunity to the down side for swing traders
Don't trade other people plans... develop, test and verify a plan for yourself and then follow your OWN plan!!
Comments
dionvuletich
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Booyaa! perfect...
dionvuletich
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Ricprocal AB=CD (in purple) at the 61.8% retracement which is near the Cypher level, there is a lot of fibonacci symmetry there