0
55
Pivot
(invalidation):
18.4100
Our preference
Long positions above 18.4100 with targets at 18.7400 & 18.8300 in extension.
Alternative scenario
Below
18.4100 look for further downside with 18.3000 & 18.2100 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.