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BATTLE @ 18k: is no theme right now.
Asia all green
DAX pre cash 7:30 with gap up @ 18230
Tomorrow Tuesday - last of April! Window Dressing drives the markets.
The gap pre cash had been closed before the opening.
And the price formed a "Double Top" with April 24 high.
I see you drew the Fib retrace at levels that are not tops and bottoms of candles.
Do you use a different timeframe to draw the Fibs?
How do you determine where to place the Zero / 100 positions?
Thanks,
Rejoice in the Thunderstorms of Life . . .
Knowing it's not about Clouds or Wind. . .
But Learning to Dance in the Rain ! ! !
The FIB lines from today were not really handy as the 30m charts for a week to start were not adequate. Admitted.
It was therefore the candle count which made the trade: 9 (NINE) green candles in a row. As everyone can see in that chart.
That was from the cookbook. No FIB's were important here - that was just part of the original chart.
As you can see in earlier trades (March / April) you can see that the FIB previews were quite adequate...
FYI: I am taking the 'body' of the candle - not the wicks.