the golden gun said:I'm looking for a retrace to OTE on the daily chart ~6840 before taking out 7200.
Will be interesting to see how it gets there. There is a nearby stop zone and a lower liquidity pool that could be deepened by a feeding bounce from the stops. Then it will have to take it out and head lower through some support levels to reach that OTE.
Could be done too. Notice that, on this server time anyway, we have just had 8 down days in a row. In the entire rally since 9 July 2013 we have not seen another run of 8 consecutive down or up days. This suggests at least a temporary sentiment shift, which is not surprising after such a long run.