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Trading suggestion:

• We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
• If the Midterm level 1162.40 is broken, we will close open trades.

Midterm forecast:

• While the price is above the support 1162.40, resumption of uptrend is expected.
• We make sure when the resistance at 1677.76 breaks.
• If the support at 1162.40 is broken, the short-term forecast -resumption of uptrend- will be invalid.
• We will close our open trades, if the Midterm level 1162.40 is broken.

Technical analysis:

• There is a divergence in RSI and price between the peak at 1050.1 on 2021-01-07 and the peak at 1680.5 on 2021-02-20, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• While the RSI uptrend #1 is not broken, bullish wave in price would continue.
• A peak is formed in daily chart at 1603.00 on 03/13/2021, so more losses to support(s) 1300.00, 1210.76 and minimum to Major Support (1162.40) 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 45.

Take Profits:

1. 1437.32
   • Resistance on 03/24/2021
   • Support on 03/16/2021
   • Support on 03/13/2021
   • Support on 03/12/2021
   • Support on 03/08/2021
   • Resistance on 02/24/2021
   • Support on 02/22/2021
   • Support on 02/17/2021
   • Support on 02/16/2021
   • Support on 02/15/2021
   • Support on 02/12/2021
   • Support on 02/11/2021
   • Support on 02/10/2021
   • Resistance on 02/06/2021
   • Resistance on 02/05/2021
2. 1607.62
   • Resistance on 03/13/2021
3. 1833.00
4. 2303.00
5. 2500.00
6. 3000.00