19/02: BSDE (810) It's fell to 600 because:
1) Failed to break trendline resistance at 19/24-02,
2) Failed to breakout trendline on Stochastic,
3) Closed daily below 50% Fibo 940-630 at 785 on 24/02,
4) Breakout channel support since August 2008 & closed below 820,
5) Stochastic was still in a bearish condition.
Conclusion buy on weakness on 510 (low August 2009/138,2% FR 940-630)/440 (161,8%) area which is the final correction wave 4 (right now BSDE at wave iii/a in 4). Wait 4 further signal when wave c 4 is finished. Better trading buy 600 target 650/680, risk 570. Disclaimer on.
1) Failed to break trendline resistance at 19/24-02,
2) Failed to breakout trendline on Stochastic,
3) Closed daily below 50% Fibo 940-630 at 785 on 24/02,
4) Breakout channel support since August 2008 & closed below 820,
5) Stochastic was still in a bearish condition.
Conclusion buy on weakness on 510 (low August 2009/138,2% FR 940-630)/440 (161,8%) area which is the final correction wave 4 (right now BSDE at wave iii/a in 4). Wait 4 further signal when wave c 4 is finished. Better trading buy 600 target 650/680, risk 570. Disclaimer on.
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