DislikedCesarnc,
I have been using the 1.8834 to 1.9846 Fib that you mentioned but my retrace values are different than what you have listed. Here are the values that I am showing:
23.6% = 1.9607
38.2% = 1.9459
50.0% = 1.9340
61.8% = 1.9221
78.6% = 1.9051Ignored
Now we have it - click to enlarge....
http://i2.photobucket.com/albums/y28...17-3-small.jpg
I'm in the search for a medium-long term position here, ok? If this triangle confirms, we may see 9460s soon (250 pips from here) and i'd like to take them without (or not depending on) this anoying daily scalping ... Hope you're on the same page here...
But the key here is drawing this upper trend line correctly ! That's where I fell insecure about... In the other hand, only 9800+ would be able to break this pattern... Leugimp, would you mind joining this puzzle here with your indicators? Thanks.