- While the price is above the support 8410.20, resumption of uptrend is expected.
- We make sure when the resistance at 11600.00 breaks.
- If the support at 8410.20 is broken, the short-term forecast -resumption of uptrend- will be invalid.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 56.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (9180.05 to 7773.55), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (9180.05)
- Ending of entry zone (7773.55)
Click on the level to view price action history.