- Assume 1046 low is the low in place.
- Fibonacci retracement levels from 1912 high of 2011 are : [38%=1377] [50%=1479] and [62%=1581].
- My gut feel is 1377-1479 is achievable sometime within the next 2 years.
- Shorter term, we are probable going to break strongly above 1192 first before any meaningful attempts to shake weak bulls come into play.
1 comment:
Strong break of 1192 ==> 1263 high.
Now pullback towards 1192. Expect this to hold, consolidate and then up.
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