Just wanted to share something...
This is what I feel is going on at this point...
The Fib extension based on 15min Fractal is complete (at 1.618), so there is some hesitation.
http://img03.picoodle.com/img/img03/...0m_55c8c02.jpg
In the chart below, you'd see the 50% retracement upwards for the down move is 118.85 (Yes Dove's Central Pivot)
And coincidently the 1.618 Fib extension (sorry forget to stretch the chart to allow visibility) is 118.30 area (Yes the Daily Pivot area)
Well just wanted to show the laws of Fibonacci at work.
So... this to me explains the hesitation.. and in time to come, someone will show the way... my 2cents
http://img33.picoodle.com/img/img33/...0m_bacba2b.jpg
This is what I feel is going on at this point...
The Fib extension based on 15min Fractal is complete (at 1.618), so there is some hesitation.
http://img03.picoodle.com/img/img03/...0m_55c8c02.jpg
In the chart below, you'd see the 50% retracement upwards for the down move is 118.85 (Yes Dove's Central Pivot)
And coincidently the 1.618 Fib extension (sorry forget to stretch the chart to allow visibility) is 118.30 area (Yes the Daily Pivot area)
Well just wanted to show the laws of Fibonacci at work.
So... this to me explains the hesitation.. and in time to come, someone will show the way... my 2cents
http://img33.picoodle.com/img/img33/...0m_bacba2b.jpg
Chances favour the prepared.