Day Trading Futures

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cloudTrader

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one interesting study on forward fibonaci wch i observed :

9th nov 2010 : NF close of bull mkt top : 6333
20th dec 2011: NF bear mkt bottom close : 4554
diference : 6333-4554= 1779
add d diference to d top of previous bull mkt : 6333+1779 = 8112

so v hav retraced d entire previous bear mkt on a forward basis.d area around 8112 now becomes a crucial tug of war sort btwn bulls n bears.bt also dat shorts shud b opened only after valid confirmation dat d trend is reversing

Nice observation you have pointed. :thumb:
 

LivetoTrade

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