Chart below (daily) has had two nice up days with a little consolidation. Key Fibonacci from this range is a high of 16762 and low of 5919 sets the key fib levels in at 11262 and 8809. The 11 number has been showing resistance signs and a fall if in order I would think is to next fib level.
The top end of the resistance range is 95ish and the 88 fib number is by far in line with where it was. I have placed a buy order to buy this around the 88 fib mark where if it falls to that level and bought I will place a sell order 125, 160 and around 240ish or one third the last high, another one third close to the May highs and the final third for a large breakout above.
Thanks for viewing and voting
Derek.
