Geo-politics aside [Currently Gaza conflict] Technically, a sustained breach of 1333.50, would open up the possibility of a SHORT, initially down to a target of 1307.60, which incidentally/coincidentally represents a 50% retracement of the up-move that began on 28th June 2013 and peaked at 1433.61 ;0)
Comments
aceofswords
⋅
Correction.......1307.60 represents a retracement to 0.382% fib of upmove that began on 28th June 2013 ;0)
hoerdewhapper
⋅
good analysis IMO thanks for posting.
aceofswords
⋅
Cheers buddy, looking forward to seeing this trade perform well! ;0)