20070418 - CCK - 15mins - Observation

This is simply a chart that I've been observing for the most part of the day. I want to Blog about it so that I can return this post in the future for reference.

What I saw is that the prices started to consolidate from 11am all the way to 1pm. I told myself that if the prices go up, and above, the 9th bar high, I will enter 'Long.' It never did, and I can never tell that had the price did go back above the 9th bar high, will it continue to reach the next Intra-day Fib level.

Let me know what you think!