Look for a buy position now | 19 March 2018

Wave Analysis:

During the previous trading day, the corrective wave (4) pulled lower slightly but is still above 557.95, we're still within our buyers territory, and as long as the price remains above or within 557.95-672.11 this zone, we're interested in buy position. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upper side and should breakout above 1390.01. Conservative traders should look for long positions now and have a target at 1000.85 and the last target at 1390.01. Should the price break below 557.95, then we expect a bearish momentum towards 242.47.

Trade Recommendations:

Look for a buy position now towards 1390.01