Friday, August 26, 2011

78.6% retraces rules

The 78.6% retrace has been ruling the recent market action as it retraces the recent swing Highs and Lows the last 3-4 times. This of course will end soon.

Today was an important day to watch for the next direction of the markets. A breakout is due.

1 comment:

john said...

false breakout will do it.