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).



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