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SkylinePro
Apr 15, 2020 2:43 PM

DLN (UK) - corrective pattern down under way Short

DERWENT LONDON ORD GBP0.05LSE

Description

DLN(UK) has finished primary wave A up, as the critical mark in the previous shown analysis was crossed. It is now tracing the first waves of a intermediate wave A down. After it is complete in 5 waves, there should be a small correction up and prices should fall again in order to cojplete primary wave B down. This scenario will be void if prices crosses up 3666. FOLLOW SKYLINEPRO TO GET UPDATES.

Trade closed: target reached

Prices decreased 7.2% up to April 27. If prices crosses down 2900, the trend should continue down. If price cross 3336, there is a possibility to another counter trend up before continuing in the down trend.
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