Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (73.775 to 71.930). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (73.775)
• Ending of entry zone (71.930)

Midterm forecast:

• While the price is above the support 70.000, beginning of uptrend is expected.
• We make sure when the resistance at 84.518 breaks.
• If the support at 70.000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A trough is formed in daily chart at 76.605 on 02/05/2024, so more gains maximum to Major Resistance (84.518) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 58.

Take Profits:

1. 79.140
2. 84.518
3. 89.006
4. 95.108
5. 98.908
6. 106.431
7. 115.785
8. 123.265
9. 131.000