Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (144.980 to 147.000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

• Beginning of entry zone (144.980)
• Ending of entry zone (147.000)

Midterm forecast:

• While the price is below the resistance 147.000, beginning of downtrend is expected.
• We make sure when the support at 139.340 breaks.
• If the resistance at 147.000 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 141.495 on 09/09/2022, so more gains to resistance(s) 144.980 and maximum to Major Resistance (147.000) 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 63.

Take Profits:

1. 141.526
2. 139.340
3. 136.666
4. 134.672
5. 133.197
6. 131.500
7. 129.442
8. 126.409
9. 121.271