Wednesday, 30 October 2013

1778-80 Resistance

Pos DMI in extreme territory


1766 did not hold yesterday so I am watching 1780 (1.618x 1100) as next resistance

The thick blue line is 0.625 points per day (effectively a 1x8 using scale 5 pts per day )

1778 is also important measured move level,as seen in this chart by Nouf (WavePatternTraders) 
http://charts.stocktwits.net/production/original_16881957.png?1383062902    WHERE TIME IS ALSO EQUAL (as in Dax chart I showed)


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