General overview for 03/06/2016:
The projected target for the wave (c) of C was reached just as anticipated, so the overall structure might be now completed and the market might be ready to resume the long-term uptrend. To confirm this possibility, the price must breakout above the intraday resistance at the level of 121.89 and head higher in impulsive fashion.
Support/Resistance:
124.85 - WR3
124.65 - Wave (b) High
124.23 - WR2
123.42 - WR1
122.82 - Weekly Pivot
121.99 - WS1
121.89 - Intraday Resistance
121.48 - Black Impulsive Count Invalidation Level
121.40 - WS2
121.04 - Intraday Support
Trading recommendations
All sell orders hit the TP levels and they should now be closed with profit. More trading opportunities to occur shortly.
