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 peak is formed in daily chart at 115.05 on 01/18/2022, so more losses minimum to Major Support (112.49) 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 39.