Analysis method - “Trend’s Potential”
August 20, 2018
Daily chart: Market corrected very close to the middle Bollinger band (6722.26), from where there is a high probability of new downward move within mid-term downtrend.
H4: We note side trend within Bollinger bands (6273.85-6525.68).
H1: We confirm flat intraday forecast for today - ADX started to fall against the quotes’ growth.
Trading range will be limited by borders of the bands (6311.12-6525.68).
Expectations: Flat in the 6311.12-6525.68 range.
Trading recommendations: Trading in the 6311.12-6525.68 corridor.