We're short | 09 March 2018

Wave Analysis:

Perfectly as we speculated yesterday, the impulsive wave (v) continues to develop as previously forecasted and is still pretty much bearish both on the daily and the weekly charts. In fact, yesterday, the price dipped below the upper trend line and is now within the falling channel, this is a bearish dominance signal, and we expect further progress to the lower side. With that in mind, conservative traders who didn't sell it around 11218.70, you could wait for a slight pullback to the upper side, then pick a short with an ultimate target at 4666.02.

Trade Recommendation:

We're short with our target at 4666.02

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.