| Entry Point | Key Level | Projection | Stop Loss | |
|---|---|---|---|---|
| UK100 | 5242.2 (Buy) | 5216.8, 5272.6 | 5408.4 | 5192.4 |
UK100 Chart (15min) - Analysis time: 01:30 am
Commentary
This time Fibonacci Analysis on UK100 index 15min chart. A entry level at 5242.2, looking to go long here. Placing my stops beyond 5192.4, also observing key levels. Projection of 5408.4. Lets see how the market reacts to these levels.
Result:
UK100 Chart (15min) - Result (29 Nov 2011 time: 23:00 pm)
Commentary
The market did bounced from one of our key levels of 5272.6 as you can see on the chart above (blue circle). Our Fibs our still valid, the entry point of 5242.2 has not been tested yet.
Result:
UK100 Chart (15min) - Result (29 Nov 2011 time: 23:00 pm)
Commentary
The market did bounced from one of our key levels of 5272.6 as you can see on the chart above (blue circle). Our Fibs our still valid, the entry point of 5242.2 has not been tested yet.
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