Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (76.60 to 76.00). 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 (76.60)
• Ending of entry zone (76.00)

Midterm forecast:

• 78.610 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

• While the RSI downtrend #1 is not broken, bearish wave in price would continue.
• A peak is formed in daily chart at 81.34 on 11/08/2021, so more losses to support(s) 80.15, 79.40 and minimum to Major Support (78.61) 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 48.

Take Profits:

1. 77.90
2. 78.61
3. 79.40
4. 80.15
5. 81.55
6. 82.52
7. 83.85