General overview for 11/03/2016:
As anticipated yesterday, the wave 3 purple to the upside had been made in an impulsive fashion. Currently, the market is in sub-corrective cycle and when it is completed, another rally upwards is anticipated. The targets for wave 5 are around the level of 128.00. Only a sustained breakout below the level of 124.91 would invalidate the bullish scenario.
127.99 - WR2
126.90 - WR1
125.56 - Intraday Support
124.48 - Weekly Pivot
123.41 - WS1
122.06 - Swing Low
Yesterday's buy orders has been closed with massive profits. For those of traders who decided to keep buy orders open, the next TP is seen at the level of 128.00.