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NIFTY AND FIBONACC RETRACEMENT |
ktpillai
White Belt
Joined: 23 Nov 2007
Posts: 95
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Post: #1  Posted: Thu Jan 12, 2012 7:19 pm Post subject: NIFTY AND FIBONACC RETRACEMENT |
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| Will the history repeat?In both cases nifty retraced 61.8% and then started moving down. |
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Vinodz
White Belt
Joined: 13 Aug 2011
Posts: 78
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| Post: #2 Posted: Thu Jan 12, 2012 9:13 pm Post subject: thank u |
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61 % retracement gives a lvl around 4900
right |
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kamalraturi
White Belt
Joined: 11 Dec 2011
Posts: 2
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| Post: #3 Posted: Thu Jan 12, 2012 10:32 pm Post subject: |
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Fibonacci 61.8% retracement, evening star formation with doji candle stick at top and tracing of market down from upper band of channel .... three technical indicators showing bearish signal at same point. Already short in the market...  |
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