General overview for 19/04/2016:
The impulsive wave progression to the downside was invalidated due to wave 1 and wave 4 overlaps. Currently the main count points out a possible upward continuation as the new swing low might be in place. Break out above the technical resistance at the level of 124.21 supports the view.
Support/Resistance:
121.27 - WS1
121.69 - Intraday Support
122.63 - Weekly Pivot
123.12 - WR1
124.21 - Technical Resistance
124.48 - WR2
124.98 - WR3
Trading recommendations:
All sell orders from last week should now be closed with profit. Traders should now stay aside from the market and wait for the next trading setup to occur shortly.