General overview for 04/03/2014 13:15 CET
One more push higher is needed to complete the impulsive wave sequence. Target is the level of 1883 - 1886. Please notice the descending momentum on AO oscilator as a typical bearish divergence is forming between wave 3 and wave 5.
Support/Resistance:
1886 - WR2
1883 - 1886 - Target for wave 5.
1869 - WR1
1866 - All Time High
1845 - Weekly Pivot
1833 - WS1
1809 - WS2
1801 - Techncial Support
1795 - WS3
Trading recommendations:
Be carefull with opening large buy positions at this level due to the facet the trend is mature and impulsive cycle is about to be finished.
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