futures WIG20 Index - always, you have 2 scenarios

Hi,

 

In the chart futures on the Polish WIG20 Index now find ourselves in a very interesting spot. Since overcoming significant levels could open the possibility of further increases in the future. However, if the mission failed, we will view the falls.

 

Therefore, I present two scenarios and your task will yourself to think about which of these scenarios is more likely and why. Later, there will remain nothing other than deal short or long positions and make money.

scenario 1 - assumption of long positions

chart 1. fWIG20 Index positive scenario, 2014-06-08

The positive scenario, after a short correction, to achieve further strong short-term high. According to the scenario we are in the 3rd wave which is characterized by the strongest volatility. An important factor to achieve positive scenario is the level of 2300 points. After the market would show new lows.

 

 

scenario 2 - assumption of short positions

chart 2. fWIG20 Index negative scenario, 2014-06-08

 

The negative scenario assumes that the last increases were merely a correction in the next few days, we should expect a continuation of the downward trend. Decreases should of course show in the coming days new lows at the same time specified the trend.

In both cases, I show you an important level for a given scenario will be drawn resistance using the blue line. There are around 2400 points.

 

regards,
oscarjp

 

 

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects oscarjp-chrimatistikos current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.