Thursday, 1 August 2013

SPI200, time turning point

Hi Traders,

The SPI200 has reached its Time Turning Point which was scheduled for today (see vertical lines in he daily chart). If this analysis is correct, next leg with be downwards.


As I said on May 28th, the SPI200 is performing a Zig-Zag (daily chart) made of 3 or  even 5 waves.

We've now completed wave 1 (downwards) as well  wave 2 (upwards) of what it seems to be a typical 1-2-3 retracement wave (see daily chart).


likely: area 4600-4581
possible: 4455
maybe: 4320

monthly chart - click to enlarge

weekly chart - click to enlarge

daily chart - click to enlarge

 4-hour chart - click to enlarge

 1-hour chart - click to enlarge

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