- While the price is above the support 1397.175, continuation of uptrend is expected.
- We make sure when the resistance at 1660.000 breaks.
- If the support at 1397.175 is broken, the short-term forecast -continuation of uptrend- will be invalid.
- Price may also reach 1397.175, if price reaches this level, we may enter by Daily-Trading-Opportunities, this entry is not according to Trend Hunter Strategy, and depends on personal strategies.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 75.
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (864.535 to 731.100), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (864.535)
- Ending of entry zone (731.100)
Take Profits: Click on the level to view price action history.