Amanita

Falling knife at ITX, Long.

Long
BME:ITX   INDUSTRIA DE DISE\O TEXTIL S.A. INDITEX-
At 23,93 there is an 0.382 fib retractement level from 2002. There also an AB=2.618*CD matching that level so I expect some rebound to the T1, 28.93 and T2 31.99.
I have taken some long position. Let's see next week.
GL
Comment: Closed position. I expected a fastest reabound and I'm affraid ITX is doing an small Gartley, which if fails opens the door to loose money. Once closed I'll expect for the Gartley.
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