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 ongoing X-wave should be close to completion. Ideally, we will see a test of resistance near 164.12 before the next wave lower starts towards the 154.41 target and ideally closer to the 150.08 target to complete the correction from 168.41.
That said, we need to stress, that all options remain open and a clear break above resistance at 164.12 will call for a flat correction and a return to 168.41 before turning lower again. This is not our preferred scenario at this point, but B- and X-waves can do all the unexpected things and often will.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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