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Monday, 14 December 2015

WIG20 Daily and Weekly Analysis









General overview for 14/12/2015: 

The Polish WIG 20 index is in a free fall in wave C  that hasn't been completed yet. This wave C
is a part of a corrective cycle ABC in the wave 2 of the higher degree. When the corrective cycle
is completed, the next upward wave progression should develop that will make a new higher high
 above the level of 3000.  The projected level of the wave C termination is 1676 - 1606 area.

Support/Resistance:
1993 - Technical resistance
1732 -Technical Support
1792 - Weekly Pivot
1692 - WS1
1676 - 1606 - Wave C Projected Target Zone

Trading recommendations:
Swingtraders should still keep the long term sell orders opened as the target for wave C
hasn't been completed yet.

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Monday, 7 December 2015

USD/JPY H4 Analysis










General overview for 07/12/2015:

The impulsive wave progression in last wave C is not completed yet as there is one more wave
 to the upside needed. The bullish and bearish levels are clearly defined and an upside breakout
is anticipated. When the impulsive structure is completed, then another cycle down will start
as a part of the wave Y brown. Please notice that any violation of the level of 121.46 BEFORE
 any new local high is made means the impulsive wave progression to the upside is invalidated.

Support/Resistance:
125.80 - Swing High
125.29 - WR3
124.49 - WR2
122.91 - WR1
123.78 - Bullish Zone
123.10 - Weekly Pivot
122.51 - WS1
121.72 - WS2
122.68 - Technical Support
121.46 - Invalidation Level
121.15 - WS3

Trading recommendations:
Traders should consider to open buy orders when the trade is confirmed ( breakout above
the level of 123.78) OR should be buying the dips in the yellow range with SL below the level
of 122.22.

★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★
Mój blog www.elliottfxtrader.com bierze udział w konkursie FxCuffs 2016 w kategorii Blog Roku. 
Jeżeli podobają Ci się moje analizy zamieszczane na blogu - zagłosuj na mnie! 
Wystarczy kliknąć w link i znaleźć mnie ma liście.

Dziękuję! 
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