Friday, 9 August 2013

SPI 200, rebound and fall

Hi Traders,

The SPI200 displays a double top in the 1-hour chart. It might rebound a bit and fall further down

ELLIOTT WAVES

The weekly chart shows that, after completing wave a and wave b, the SPI200 just started wave c. This is part of the large Zig-Zag announced months ago.

TARGETS
up to area 5050-5056
then
likely: area 4830-4798
possible: area 4569-4532
maybe: area 4470-4428

TIMING

Wave c (weekly chart) might end around Sept 15-22

ENTRY
It might rebound to the area 4993-5003 (1-hour chart). Wait for the confirmation of the wave oscillator built over the 1-hour chart and entry your trade.

NOTE

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monthly chart - click to enlarge






weekly chart - click to enlarge






daily chart - click to enlarge






wave oscillator over daily chart - click to enlarge






4-hour chart - click to enlarge






wave oscillator over 4-hour chart - click to enlarge






1-hour  chart - click to enlarge






wave oscillator over 1-hour chart - click to enlarge






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