here is my view on GU with 1,6060 level being:
1). 38.2Fretacement
2). the fib projection 1,618 falls exactly at the same price
3). weekly 50ema
U can see all that lines up at the same level, however the next chart is showing the fib time and what im trying to say with it is the major fall shouldn't start until 07/09/09, hence gu may range till it touches 1,382 fib time.
1). 38.2Fretacement
2). the fib projection 1,618 falls exactly at the same price
3). weekly 50ema
U can see all that lines up at the same level, however the next chart is showing the fib time and what im trying to say with it is the major fall shouldn't start until 07/09/09, hence gu may range till it touches 1,382 fib time.