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 above the support 158.000, resumption of uptrend is expected.
• We make sure when the resistance at 168.420 breaks.
• If the support at 158.000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

• There is a divergence in RSI and price between the peak at 168.426 on 2022-04-20 and the peak at 168.718 on 2022-06-09, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
• A trough is formed in daily chart at 160.655 on 09/05/2022, so more gains to resistance(s) 166.330 and maximum to Major Resistance (168.420) 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 66.

Supports and Resistances:

1. 164.277
2. 161.276
3. 158.000
4. 155.655
5. 150.974