Saturday 30 January 2010
Cable
The black candle this week took out the previous weeks low and the decline seems to be resuming.The decline should accelerate if we take out the 2 previous swing lows at 1.58 and 1.59.Last weeks high was a lower swing high and Gann's "safest place to sell"
Stops would go above the high.It also came 52 weeks after the low ie a 1 year cycle.
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