Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (820 to 800). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (820)
• Ending of entry zone (800)

Midterm forecast:

• While the price is above the support 1226, continuation of uptrend is expected.
• We make sure when the resistance at 1600 breaks.
• If the support at 1226 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 1600 on 09/29/2023, so more losses to support(s) 1383 and minimum to Major Support (1226) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 67.

Take Profits:

1. 1075
2. 1151
3. 1383
4. 1630
5. 2133
6. 2511
7. 3316
8. 4016
9. 5533
10. 6348