hello Traders,
today the Polish market was the weakest market in the region, and probably in all developed markets. The main reason for decline was the announcement by the Prime Minister of Poland regarding partial liquidation of Open Pension Fund but more on that another time. On the below graph was formed double extended ABC correction which is at the same time the wave number four.
Now, we have fell to the maximum level which is 2287 points where we encountered significant resistance. I think the correction is over and as of tomorrow we should go up. The important information is that the U.S. markets had a very good session today. On the market We received a lot of good economic data. This may mean opening contracts with a positive gap.
In the case when a drop in tomorrow below indicated resistance and closes the hourly candles will change the signs of the Elliott Wave.
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| FWIG20, H1, 2013-09-04 |
comments are welcome :)
best regards,
oscarjp
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