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!
The corrective decline from 156.06 has evolved into a more complex double zig-zag correction, that likely completed with the dip to 148.47 and we are now looking for a break above minor resistance at 151.38 as a good indication that wave iv/ has completed and wave v/ of iii is in motion towards the long-term target at 159.75. A break above resistance at 153.49 will confirm the completion of wave iv/ and the onset of wave v/ towards the long-term target at 159.75 and maybe even above, but for the now our focus remains on the break above 151.38 and more importantly a break above 153.49.
Trading recommendation:
Buy a break above minor resistance at 151.38 and place you stop at 148.45, but expect to raise the stop quicly
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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