this is the same chart posted just now but extended in time.I have added in 2 Gann res/supp levels - Low plus 50% (9705) and 50% retracement of the 2003-2011 range ( 9672). These cluster nicely with the 1x3
Also 75% of high kicks in at 9656
Also 75% of high kicks in at 9656
The 13,34 week ema alignment highlights the precarious position of the market.With the bear cross just above the shooting star reversal candle of 2 weeks ago it reinforces to me that this is a good level for stops on long-term position trade shorts ( not trading advice,technical observation)
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