Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (32213.89 to 29226.40). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

While the price is below the level 9298.215, the probability of beginning of uptrend is too weak, so we would enter the market with buy trades based on Daily-Trading-Opportunities and a day close price above 9298.215 and expect to reach short-term targets.

• Beginning of entry zone (32213.89)
• Ending of entry zone (29226.40)

Midterm forecast:

• While the price is above the support 29226.40, beginning of uptrend is expected.
• We make sure when the resistance at 43937.95 breaks.
• If the support at 29226.40 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 43937.95 on 03/28/2022, so more losses to support(s) 34512.05, 32213.89 and minimum to Major Support (29226.40) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 43.

Take Profits:

1. 34512.05
2. 38002.85
3. 40892.35
4. 43937.95
5. 46010.55
6. 49580.76
7. 54542.72
8. 59744.45