General overview for 19/10/2015 08:20 CET
A three-wave bounce from the level of 134.79 to the level of 136.00 was labeled as wave b green. Now, there is one more wave to the downside needed to complete a three-wave corrective structure of a larger degree. Only a clear breakout above the level of 136.00 would invalidate the view and make the wave b green wave progression more complex and time-consuming.
Support/Resistance:
136.95 - Wave D Top
136.58 - WR1
136.00 - Intraday Resistance
135.68 - Weekly Pivot
134.79 - Intraday Support
Trading recommendations:
Day traders should consider opening sell orders from the current price levels with SL above the level of 136.20 and TP at the level of 134.75.
