DislikedHi man. I have been reading your thread as aguest but i guess I just had to register. I admire your tech. analysis and fundamental thinking.
Now about cable n' fiber ( I dont do gold), looking at your swing charts ... 'am using ur template by the way' ... Why dont you think that we might get a soft landing at 61.8 X-fibo (green) line for fiber and 76.4 for cable?
Kindly advise on these. Still eager to learn to trade like a pro.from your swings analysis. Read 'Reminiscence of Stock Operator' - good pdf man, really appreciate it man.
Trade...Ignored
Now back to your query .... I based my exits on fib clusters. Looking at the retracement levels (maroon) ... they form clusters at 100.0 ... hence possible targets for correction. The levels you talk about will definitely provide resistance and dummy minor corrections to the north, but the trend is still down ... towards the 138.2 fib S.
Good trading to you too and take care.
"I am convinced that He (God) does not play dice." - Albert Einstein