we're short as long as the price remains below 228.60 | 11 September 2018

Wave Analysis

During the previous trading day, the impulsive wave (v) continued to the lowerside and is now below 228.60. As long as the price remains within the contracting wedge formation and also below 228.60, we expect further momentum to the lowerside with an ultimate target at 150.00. If this level is bronen, then further bearish momentum is expected. And on the other side, should the price breakout above the upper trendline, then further bullish momentum is expected with an ultimate target at 626.72.

Trade Recommendations:

we're short as long as the price remains below 228.60

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.