We're still long. | 18 July 2018

Wave Analysis

During the previous trading day, the impulsive wave (a) extended slightly to the upperside and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 6390.03-5911.46, we expect a possible rally further to the upper side. The anticipated bullish price rally is an extension of the impulsive wave (a) to the upper side and should break above the upper trendline, if you're not already in a long position, you could wait for a break above the upper trendline to buy the next impulsive wave (c) towards 12735.05.

Trade Recommendations:

We're still long.

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.