Tuesday, April 17, 2012

DAX 30 mins fractals

Looking at the DAX 30 mins chart

1st rectangle shows down move followed by retrace which recovered 78.6 % of down move (Fibonacci)

2nd rectangular area (so far has retraced 78.6 %) see if it holds..interesting to see if we get the extended move down afterwards towards 6480/6450 support as outlined in post yesterday

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