re: none so blind spovend Oh bugga someone is reading this stuff...

re: none so blind spovend Oh bugga someone is reading this stuff ..LOL
mate I was just rushing out and shouldnt have made such a stab as I had earlier guessed on the 46 retrace (being a 50% level)
I picked 48 as it shortened the candles upper shadow.
shadows signify the strength of resistance. Top heavy is a likely reversal.. this closed at 47 which is ok and most likely means a consolidation while the dust settles.
Its still a risky trade imo as a 51 breakout was soundly rejected on the upper trendline..I would look at a 46 stoploss...anyway thats a rough view .
please get back if Im not making much sense
cheers