OK so we tested the high from our cycle day and broke back below the 1x1.Key level seems to have been 137.25. This is 5/8 line in the final eigth of the square (126-144)
Equilibrium is normally 3/8 to 5/8 lines (or for fibonacci types a market likes to find equilibrium between 38.2% and 61.8% retracements) .So,taking 126 to 144 which is 7/8 to 8/8 of 144 we can say that a break out of the 132.75 and 137.25 levels should be the key to the next trend move.
Equilibrium is normally 3/8 to 5/8 lines (or for fibonacci types a market likes to find equilibrium between 38.2% and 61.8% retracements) .So,taking 126 to 144 which is 7/8 to 8/8 of 144 we can say that a break out of the 132.75 and 137.25 levels should be the key to the next trend move.
No comments:
Post a Comment