Wave Analysis

Few days ago, the corrective wave (4) rallied intensely to the upper side but is still below the 4 hour resistance level 303.03. This is a sellers area and while the price is contained below it, we expect a possible rebound from it to pick a short position. The anticipated bearish price is the continuation of the impulsive wave (5) to the lower side and should break below 250 but should not go below 234.00.

Trade Recommendations:

We're short from 303.03.

101% Double the volume