19/11/2012

DOW 15 min Fibonacci chart showning break and stop point

DOW 15 min chart now. First you see the gap at 12.600 which must be closed for long advancement.That indicates that this first big wave on upside might not go to the top. There are strong resistance around 50 % but if broken the most important Fibonacci number that exists, 61, 8 % will be tested. If that is broken the next move will be to test the top on the chart.

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