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The 240 chart hit its fib extension (162%) the other day after the textbook H&S pattern. We have new swings on the 240 and 60...market currently in retracement, and we'll wait for point "C". Would be nice to get some pullback to a fib level, it doesn't always happen but that what Im waiting on.
:)
Rob123
09-30-2009, 09:42 PM
I wasn't satisfied with the CF so i didn't enter. 50/32 confluence of the last 2 daily swings. Daily SR line plus closing below 6100 level. Both schocastics on the 4 hr and 1 hr both lining up coming down.Also the 1 hr completed 61.8 to 162.There will be a next time.
1091
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