http://forexgentrade.jeeran.com/categories/downtrend/ForexGen.com is an online trading service provider supplying a unique and individualized service to Forex traders worldwide. Mon, 29 Dec 2008 23:37:33 GMTCopyright 2008 forexgentradejeeran RSSGenerator v1.0http://forexgentrade.jeeran.com/photos/profile_t.jpghttp://forexgentrade.jeeran.com/categories/downtrend/http://forexgentrade.jeeran.com/archive/2008/11/735951.html735951 Power Course Instructor’s Response:Yes. That is the way that the Fibonacci tool would be used in a downtrend. Keep in mind, however, that price can retrace beyond the 50.0% level. Wait until at least two wicks break above the 50% level before making the determination to take a short position. A stop can be placed a bit above the highest wick in the formation.Also, for the most accurate...&nbsp;[<a href="http://forexgentrade.jeeran.com/archive/2008/11/735951.html">read more</a>]Wed, 26 Nov 2008 14:28:40 GMThttp://forexgentrade.jeeran.com/archive/2008/11/735951.html#commentsforexgentrade<forexgen.fxgen.forex@gmail.com>downtrendFibonacci toolForexGen Introducing BrokersForexGen tradingshort positionuptrend