General overview for 12/10/2015 13:05 CET
The wave structure is developing as anticipated with one more wave to the upside needed to complete the wave (iii) green. Currently, the market is in a corrective cycle as the wave iv blue is in progress. Any violation of the level of 135.70 invalidates the green impulsive count.
Support/Resistnace:
137.46 - Projected Target For Wave (iii) Green
136.95 - Intraday Resistnace
136.33 - Intraday Support
136.11 - Weekly Pivot
135.70 - Invalidation Level
Trading recommendations:
Daytraders should consider opening buy orders from the current market levels with SL below the level of 135.70 and TP at the level of 137.46.
