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> Scandex Market Update – March 18
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Scandex Market Update – March 18

Scandinavian Capital Markets

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I’m of the mind that a 3rd wave low registered today. The implication is for a rally back to 2730-2630 before another leg lower…probably into 2163/93. To remind, 2730 is the median line of the structure that originates at the 2018 high. This was support on 3/10 and nearly resistance on Friday (didn’t quite get there). The 38.2% retrace of wave 3 is 2634.

Scandinavian Capital Markets Review

Source: https://scandinavianmarkets.com/trading-news/scandex-market-update-march-18/
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