1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

IBEX: Elliottwave Structure suggests Index is in correction

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 1, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Joined:
    Sep 1, 2015
    Messages:
    4,021
    Likes Received:
    1
    Short term Elliottwave structure suggests cycle from 11/4 peak ended with wave (3) at 7862.8 and the Index is in wave (4) bounce to correct decline from 11/4 peak. Internal of wave (4) is unfolding as a double three where wave (W) ended at 8478.9, and wave (X) ended at 7967.88. While above 7967.88, Index has scope to do another leg higher in wave (Y) towards 8585.89 - 8731.19 area to complete wave (4) before the decline resumes. We don't like buying the proposed bounce and expect sellers to

    Continue reading...
     

Share This Page