2013/10/30 DAX 15 min - support and resistance Fibonacci Clusters for the day

2013/10/25 CVI short setup - rejected at 42 heading down for 34

 

CVI has tested  the Fibonacci Cluster around 42 and is now heading down to support at 36.5, and maybe even lower to 34.

Support: 36.5
Extension target 127.2%: 34
Extension target 161.8%: 32

2013/10/25 QIHU setup - found support at 85 Fibonacci Cluster, now heading for 100

After a corrective move, QIHU has found support at the Fibonacci Cluster around 85. Now it's heading higher with the master trend  aiming for the 127.2% extension target of 100. The TTM_Squeeze has also fired long and its increasing squeeze-momentum (light blue bars) are supporting the idea of further upside potential. It's all setting up nicely for a good Risk/Reward trade.

Extension target 127.2%: 100
Extension target 161.8%: 104
Support cluster (stop):  84 - 85