The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
We continue to look for more side towards at least 155.46 and possibly even higher to 159.75. That said, we do see a possibility of a larger triangle unfolding. In this case, we should see a move a little lower to 149.67 to complete red wave iv/ and set the stage for the next impulsive rally in red wave v/ towards at least 159.75.
A direct break above minor resistance at 152.41 will diminish the possibility of a triangle developing and a call for a rally directly to 155.46 and possibly even closer to 159.75.
Trading recommendation:
Buy near 149.67 if seen or buy a break above 152.41 for a rally to at least 155.46 and possibly higher.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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