General overview for 24/12/2015 09:30 CET
The wave a of the last leg of a corrective abc pattern has been formed and now wave b purple is in progress. This means that one more low will be reached below the level of 131.04. Please notice that the invalidation line or the whole structure is seen at the level of 129.65.
Support/Resistance:
134.82 - WR2
134.57 - Swing High
133.11 - WR1
132.76- Intraday Resistance
132.06 - Weekly Pivot
131.48 - Intraday Support
130.68 - WS1
129.65 - Invalidation Level
Trading recommendations:
Day traders should consider placing sell orders from the current market levels with SL above the level of 132.76 and TP at the level of 131.20.
