We're short | 08 August 2018

Wave Analysis

During the previous trading day, the impulsive wave (E) extended significantly to the lower side and is still pretty much bearish both on the daily and the weekly charts. As long as the price remains below the lower supportive trend line, we expect a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (E) and should break below 355 but should not go lower than 300.0. At the moment, only short positions looks more ideal and can be recommended.

Trade Recommendations:

We're short

101% Double the volume