Since our last two updates, the Index has made a new high above wave (w) at 18205.33, and preferred Elliott Wave view suggests the Index should continue higher towards 18343.51 – 18484.24 equal leg area to complete wave (y) of W. We expect sellers to appear from the above area for at least 3 waves lower per Elliott Wave Hedging idea. We don’t like selling the proposed pullback, and readers of our Chart of The Day who still hold long position from wave (x) pullback per our previous Chart of The Day should take profit at the area above.
At EWF we offer 24 hour coverage of 41 instruments from Monday – Friday using Elliott Wave Theory as primary tools of analysis. We provide Elliott Wave chart in 4 different time frames, up to 4 times a day update in 1 hour chart, two live sessions by our expert analysts, 24 hour chat room moderated by our expert analysts, market overview, and much more! With our expert team at your side to provide you with all the timely and accurate analysis, you will never be left in the dark and you can concentrate more on the actual trading and making profits. Click for 14 day Free Trial
Back
