July 12, 2014

Fibonacci projection for this correction

Now that markets have retraced the previous upmove in a faster time, chances are high of a trend reversal.

Assuming the start/ end points at 7450 / 7800, we have fibonacci projections at 7200 and 6900 levels.

Note there is no time frame for this event to happen. The only condition is markets should not cross 7800 and must break 7450.

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