Midterm forecast: - While the price is above the support 80.35, beginning of uptrend is expected.
- We make sure when the resistance at 224.50 breaks.
- If the support at 80.35 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - There is a divergence in RSI and price between the trough at 190.8 on 2019-07-16 and the trough at 153.75 on 2019-09-24, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
- While the RSI downtrend #1 is not broken, bearish wave in price would continue.
- A trough is formed in daily chart at 133.110 on 11/25/2019, so more gains to resistance(s) 162.650, 190.800 and maximum to Major Resistance (224.500) 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 35.
Take Profits: - 264.800
- Resistance on 07/14/2019
- Support on 07/12/2019
- Support on 07/11/2019
- Resistance on 06/13/2019
- Support on 06/02/2019
- Support on 05/29/2019
- Support on 05/28/2019
- Resistance on 05/22/2019
- Resistance on 05/21/2019
- Resistance on 05/20/2019
- Resistance on 05/17/2019
- Resistance on 05/16/2019
- Support on 08/26/2018
- Support on 08/24/2018
- Support on 08/23/2018
- Support on 08/22/2018
- Support on 08/21/2018
- Support on 09/13/2017
- Support on 08/08/2017
- Support on 08/07/2017
- Resistance on 07/07/2017
- Resistance on 07/06/2017
- Resistance on 07/05/2017
- Support on 07/03/2017
- Resistance on 06/27/2017
- Support on 06/15/2017
- Resistance on 06/07/2017
- 309.100
- Resistance on 07/10/2019
- Resistance on 07/07/2019
- Resistance on 06/28/2019
- Resistance on 06/25/2019
- Resistance on 06/22/2019
- Resistance on 08/20/2018
- Resistance on 08/19/2018
- Resistance on 08/18/2018
- Resistance on 08/17/2018
- Resistance on 08/15/2018
- Support on 08/12/2018
- Support on 08/11/2018
- Support on 11/14/2017
- Resistance on 09/12/2017
- Resistance on 09/11/2017
- Support on 09/06/2017
- Support on 09/05/2017
- Support on 09/04/2017
- Resistance on 08/10/2017
- Resistance on 08/09/2017
- Support on 06/23/2017
- Support on 06/16/2017
- Support on 06/15/2017
- Support on 06/12/2017
- 348.800
- Resistance on 06/26/2019
- Resistance on 08/11/2018
- Support on 08/09/2018
- Support on 08/08/2018
- Support on 11/21/2017
- Resistance on 09/04/2017
- Resistance on 08/28/2017
- Resistance on 06/21/2017
- Resistance on 06/16/2017
- Resistance on 06/15/2017
- 393.550
- Support on 08/05/2018
- Support on 08/03/2018
- Resistance on 04/07/2018
- Support on 12/07/2017
- Support on 11/30/2017
- Support on 11/29/2017
- Resistance on 09/01/2017
- Resistance on 06/13/2017
- Resistance on 06/12/2017
- 475.300
- Resistance on 07/30/2018
- Resistance on 07/29/2018
- Resistance on 07/28/2018
- Resistance on 07/27/2018
- Resistance on 07/24/2018
- Resistance on 07/23/2018
- Resistance on 07/22/2018
- Resistance on 07/20/2018
- Support on 07/17/2018
- Support on 07/09/2018
- Resistance on 07/07/2018
- Resistance on 07/06/2018
- Resistance on 07/05/2018
- Resistance on 07/04/2018
- Resistance on 07/03/2018
- Resistance on 07/02/2018
- Resistance on 04/12/2018
- Support on 03/18/2018
- Resistance on 12/11/2017
- Resistance on 12/09/2017
- Resistance on 12/03/2017
- Resistance on 12/02/2017
- Resistance on 11/29/2017
- Resistance on 11/28/2017
- Resistance on 11/27/2017
- Resistance on 11/25/2017
- 534.700
- Resistance on 06/21/2018
- Resistance on 06/20/2018
- Resistance on 06/19/2018
- Resistance on 06/12/2018
- Resistance on 06/11/2018
- Support on 05/30/2018
- Support on 05/24/2018
- 630.500
- Resistance on 06/04/2018
- Resistance on 06/03/2018
- Support on 05/12/2018
- Support on 05/01/2018
- Support on 04/26/2018
- Support on 04/25/2018
- Support on 04/24/2018
- Resistance on 04/21/2018
- Support on 03/09/2018
- Support on 02/06/2018
- Support on 02/05/2018
- Support on 12/30/2017
- Support on 12/23/2017
- Support on 12/22/2017
- Support on 12/15/2017
- 822.550
- Resistance on 05/06/2018
- Resistance on 05/05/2018
- Resistance on 03/07/2018
- Support on 02/14/2018
- Support on 02/13/2018
- Support on 02/12/2018
- Resistance on 02/08/2018
- Resistance on 02/07/2018
- Resistance on 02/05/2018
- Support on 02/02/2018
- Support on 01/17/2018
- Resistance on 12/21/2017
- Resistance on 12/20/2017
- Resistance on 12/19/2017
- 970.450
- Resistance on 02/18/2018
- Resistance on 02/17/2018
- Resistance on 02/04/2018
- Resistance on 02/03/2018
- Support on 02/01/2018
- Support on 01/26/2018
- Support on 01/24/2018
- Support on 01/19/2018
- Support on 01/18/2018
- Support on 01/08/2018
- Resistance on 01/05/2018
- 1229.700
- 1415.950
- Resistance on 01/14/2018
- Resistance on 01/13/2018
Click on the level to view price action history. |