The white square represents a 1 year uptrend cycle that ended with a lower high .Just as we can work out price retracements we can do the same with time,whether using Gann fractions (1/4,1/3,1/2 etc or Fibonacci 0.382, .0.5 ,618 % etc 3 months seems like an obvious juncture and would call for a low in the first week of October,so a 3 week decline from around here
Tuesday, 20 September 2011
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