Friday, 9 December 2011

Lots of bearish engulfing candles today !

Crude,gold,aud,s&p....feels like an important pivot though obviously all stops will be pulled out by the PTB

Here is FTSE chart with 3 dma displaced 1 day forward.Gives quite good signals.I still think we could have a 1,2  i,ii wave count here (see earlier post) The Fib retracemnt levels around 5600 have been rejected again,which encourages me.The recent highs are near so stop-losses can be fairly close and risk reward is good IF a 3rd wave is starting,(targetting 4500 area)


No comments:

Post a Comment