Nov Wk2 PP & Fibo
by
, 11-08-2009 at 12:15 AM (1253 Views)
Here are the updated Pivot Points from last week, the previous 4 weeks, and our Fibonacci levels from our 21 October 1101.36 swing high to our recent 2 November 1019.39 swing low.
Just a quick glance tells us the 1085 level should be a major level we need to break through. We can also see we've closed above both our weekly & monthly pivot points and have retraced more than 50%.
Weekly Pivot Points 2-6 Nov (thin gold, green & red lines)
R2 1098.82
midpoint 1091.44
R1 1084.06
midpoint 1070.39
PP 1056.72
midpoint 1049.34
S1 1041.96
midpoint 1028.29
S2 1014.62
Monthly Pivot Points 12 Oct to 6 Nov (thick gold, green & red lines)
R2 1138.66
midpoint 1121.32
R1 1103.98
midpoint 1085.33
PP 1066.68
midpoint 1049.34
S1 1032.00
midpoint 1013.35
S2 994.70
Fibonacci levels (white lines)
100% 1101.360
23.60% 1046.3673
38.20% 1056.8764
50.00% 1065.3700
61.80% 1073.8636
76.40% 1084.3727
0% 1029.38
Linkable Version
Cheers... JTH