Reply To: Technical Index Trading & Analysis
Alf,
This was from my original forum post suggesting a long term short entry at this triangle back test targeting the line at 0.7030:
For me, that target still stands:
However as you can see from the Daily chart price is currently bang on the 61.8% fib from the all time low to the all time high. Maybe this is where a bottoming out process will begin.
Maybe if the 0.7030 long term target is achieved we could go long for a bounce to retest the underside of this fib level depending on whether its even recognised by the market.
