Monthly: Could be the early stages of a bearish Head and Shoulders formation. A break of support at 5615 is needed top confirm this formation.
Weekly: Broken the expanding wedge formation to the upside. The measured move target is located at 7345. This is close to the 78.6% pullback level of 7295 (from 7702-5802)
Daily: Could seen as a 5 wave Elliott Wave pattern. The 261.8% extensi...
PIA-First provide award winning trade ideas on financial markets. Ran by traders for traders, PIA-First offer professional technical analysis combined with market sentiment specifically designed for the professional trader and investor whether they are independent or working in a financial institution. Our research covers over 25 different financial instruments from major equity indices, commodities and spot foreign exchange (FX).
