Remain long with your target at 661.63

Wave Analysis

During the previous trading day, the impulsive wave (c) headed massively to the upper side and is still pretty much bullish both on the daily and the weekly chart. Today and in the next few days, we expect a possible extension of the impulsive wave (c) to the upperside and should break above 661.63 to the upper side. If this is the case, then we expect a relentless move further to the upper side. At the moment, we can only recommend a sell position upon a rebound from 661.63 or on a break below 460.85.

Trade Recommendations:

Remain long with your target at 661.63

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