General Overview for 18/11/2013 18:15 CET
The anticipated wave c purple to the downside has hit the level of 23.6%Fibo and even slipped a little bit lower before nice bounce.
Currently, the situation is not clear enough to confirm the  wave (ii) green is done and wave (iii)  green is in progress BUT the bounce looks quite impulsive on lower time frames so far. Nevertheless, it can only a wave A green of a more complex corrective wave.
Any price below 5748 points will invalidate the immediate bullish wave count.

6367 – Swing High
6315 – WR2
6266 – WR1
6134 – Weekly Pivot
6068 – WS1
6003 – Technical Support
5957 – WS2
5909 – WS3

Trading Recommendations:

Price is in the middle of the range now and it would be wise to wait and see what market will do @ 6266 level:
–  If it is broken, then a possible test of a last swiong high is in view.
–  If it is not broken, then the whole upside wave might be wave B green and more downside wave development might happen

As You might have noticed I’m taking a part in “Analyst of the year” contest organised by InstaForex  broker portal.


If You like my analysis or You trade it, or You have learnt something new this is my plea to ALL OF YOU: Please vote for me EVERYDAY!

It is free, simple and easy to vote for me EVERYDAY!
This is what You have to do:
1. Register on MT5.COM forum here:
2.Click on the link:
3. Click on RAISE UP

Kategorie: Uncategorized

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

0 komentarzy

Dodaj komentarz

Avatar placeholder

Twój adres e-mail nie zostanie opublikowany. Wymagane pola są oznaczone *

Witryna wykorzystuje Akismet, aby ograniczyć spam. Dowiedz się więcej jak przetwarzane są dane komentarzy.