Still short | 16 August 2018

Perfectly as we mentioned during the previous trading day, the corrective wave (4) bounced off perfectly from 6440.83 and is currently heading to the lowerside. As long as the price remains below 6440.81, we expect a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the ,lowerside and should break below last weeks lowest low, but should not go lower tha 5000.00 by the end of this week. This view can only be invalidated in case the price breaks above 6440.90

Trade Recommendations:

Still short

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.