Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is below the resistance 139.990, beginning of downtrend is expected.
• We make sure when the support at 133.145 breaks.
• If the resistance at 139.990 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• The RSI support #1 at 48 is broken, so the probability of beginning of downtrend is increased.
• A peak is formed in daily chart at 138.310 on 05/09/2022, so more losses minimum to Major Support (133.145) 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 43.

Supports and Resistances:

1. 139.990
2. 138.265
3. 134.880
4. 131.629
5. 127.474
6. 124.493