Wave Analysis

On the 4 hour chart attached, a key 4 hour support level can be seen around 416.20. The previous five wave cycle failed to go be this level, and instead bounced off from 416.20. This is still a good buy place and as long as it is not violated to the lower side, we're waiting for a clear buy signal to pick an upward position. The anticipated bullish price rally is the unfolding of another impulsive wave count and should break above 505.80 but should not go beyond the daily resistance level 928.45.

Trade Recommendations:

Look for a buy position now

101% Double the volume