We're still short | 15 March 2018

Wave Analysis:

During the previous trading day, the impulsive wave (v) extended slightly to the lower side but is still pretty much bearish both on the daily and the weekly charts. Today, and in the next few days, we expect a possible extension to the lower side and should break below 4666.02. The anticipated bearish price rally is just an extension of the impulsive wave (v) and should break below 4666.02 towards 2997.80. At the moment, the current chat set up and structure is very bearish and only short positions can be recommended.

Trade Recommendation:

We're still short with an ultimate target at 4666.02