recent lows (1071.20)are 50% retracement (bull rally from 2000- 2011) very significant for the many harmonic formations in development for long term bulls.
Bullish Bat Pattern - AB is 50% of XA
Bullish Cypher Pattern- AB is 61.8% of XA
AB=CD.................... BC is 61.8% of AB
prices below 1.060 will invalidated all the patterns
Bullish Bat Pattern - AB is 50% of XA
Bullish Cypher Pattern- AB is 61.8% of XA
AB=CD.................... BC is 61.8% of AB
prices below 1.060 will invalidated all the patterns
