General overview for 24/08/2015: The long term bike labeled every bit moving ridge five olive mightiness accept been completed, exactly at that spot is no 100% confirmation of the overstep to survive inwards house yet. The starting fourth dimension corrective bike from 12430 overstep is overbalanced, together with then that is the starting fourth dimension clue of a possible top. Nevertheless, the second, bigger corrective bike is right on the overbalance back upward forthwith together with the score of 9800 must survive violated together with daily unopen must hand to confirm overstep is inwards place. Moreover, the Elliott moving ridge count is suggesting a quite impulsive moving ridge progression to the downside mightiness inwards progress now, exactly whatever breakout higher upward 10900 invalidates this scenario.
Support/Resistance: 11612 - WR3
11359 - WR2
10900 - Invalidation Level
10472 - WR1
10228 - Weekly Pivot
9357 - WS1
Trading recommendations: Swingtraders should visit to unopen long term BUY orders or motion the trailing halt loss orders upward to the score of 9225. Daytraders should visit to sell whatever low/climactic book rally upward to the score of 10640 amongst SL higher upward 11857.
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