I thought that it might be helpful to start publishing my Fibonacci levels and how they become applicable to my my wave interpretations. I'd like to hear some feedback from readers if you find this kind of information helpful. If so, I may start publishing levels on a daily basis.
Here is a very early look at the ON session along with the Fibonacci levels that I'll be watching. My higher time frame interpretation requires another round of selling to complete the decline that began on 9/14/2012. As such, I have added a preliminary count that I feel best explains price action from yesterdays's low and that scenario. In doing so, I have my trade plan and expectations for what the market should do. Any deviation of wave personality and or a loss of 1431.5 would negate this view and require an adjustment of my count.
Let's see what transpires and ...
Best of Trading
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Fair Disclosure Notice: I do not have a position in any of the aforementioned futures markets or securities related to this article.
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