We're short | 29 May 2018

Wave Analysis

During the previous trading day, the impulsive wave (c) extended intensely to the lower side and is still pretty much bearish both on the intraday and weekly charts. As long as the price remains below the upper resistive trend line, expect a possible bearish momentum . A key hourly support level can be seen around 6729.64, if this level is broken, then we expect a possible momentum to the lower side with the next ideal target at 5000.00. At the moment, we can only recommend looking for sell positions, long positions are too risky.

Trade Recommendations:

We're short towards 6729.64.

101% Double the volume

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.