Blog Archive

Wednesday, May 18, 2011

Wednesday

23:51
I don't believe this consolidation is going to hold.  Notice that previous reversals were all sharp and abrupt.  Also the green fork has symmetry. 


20:00
Six hours later and price has yet to break the fork. 
I adjusted the Upward Cyan fork just a little.  
As you can see the preliminary fork positioned by the Fibonacci Fan has been quite accurate. 



14:00

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