Category: Financial / Legal / Administrative / Political

e.g. Fibonacci points:
Broken support level
Next support level
Last significant support level

The TASE initiates an “English Opening” or “circuit Breakers” procedure if necessary, i.e. in the event of sharp fluctuations in the TA-25 Index, trading is postponed or halted.

English Opening

In case of a fluctuation of 2.5% or higher in the latest theoretical TA-25 Index compared to the base index, trading in the stock exchange (including convertible securities, convertible bonds, warrants and index products whose base asset is either a stock or a stock index) is postponed for a random period of 5-6 minutes (“first extension”). In the event the latest theoretical TA-25 Index continues to fluctuate by 2.5% or higher after the first extension, trading is postponed once again to an additional random period of 5-6 minutes.

Circuit Breaker

Following the second extension, the latest theoretical TA-25 Index is checked again. If it fluctuates by more than 5%, trading on the stock exchange is postponed and trading of stock and index derivatives is suspended for a random period of 45-50 minutes.

In UNCLOS