12.03.2012

Symmetrical Triangle Breakout?

It seems that the Symmetrical Triangle Breakout would work this time and prices could target 1426.00 area.
There is a bullish count on EW that the prices movement after the 1385.43 on Nov. 28 could be a wave [iii]. This scenario may become reality when the area 1423.00-1425.00 to be conquered in next 2 days.


Meanwhile Stochastics on the daily chart show an approaching into the overbought area - warning of a near-term pullback, maybe, after the resistance area 1423.00-1425.00, the three remainder indicators are just bullish and encouraging to buy (on dip).



1 comment:

forex in world said...

awesome info. thank you very much for this. we are working on this also. you can visit FOREXINWORLD for free trade signals, trade news, and high tension calendar event alerts with description.