Remain short towards 4666.02 | 12 March 2018

Wave Analysis

Instead of continuing short as previously forecasted, the price corrected itself slightly to the upperside but still within our sellers level 9300.71. As long as this level is not violated to the upperside, we're still withi our sellers teritory, this means, any clear sell signals will call for short positions with an ultimate target at 4666.02. If you're in a short position as at the time of positing this, you could remain short and have your target at 4666.02. The anticipated bearish rally is merely the continuation of the impulsive wave (v) and may break below 4666.02 towards 3001.00.

Trade Recommendatiom:

Remain short towards 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.