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 112.490, resumption of uptrend is expected.
• We make sure when the resistance at 116.400 breaks.
• If the support at 112.490 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 110.96 on 2021-03-31 and the peak at 112.395642 on 2021-10-12, the probability of uptrend continuation is decreased and the probability of beginning the correction wave is increased.
• A trough is formed in daily chart at 113.46 on 01/24/2022, so more gains to resistance(s) 116.12 and maximum to Major Resistance (116.40) 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 60.