- While the price is above the support 553.100, resumption of uptrend is expected.
- We make sure when the resistance at 965.400 breaks.
- If the support at 553.100 is broken, the short-term forecast -resumption of uptrend- will be invalid.
There is possibility of temporary retracement to suggested Buy Zone (799.300 to 738.500), if so, we would set orders based on Daily-Trading-Opportunities (Price Action) and expect to reach short-term targets.
- Beginning of entry zone (799.300)
- Ending of entry zone (738.500)
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index ( ) is 43.
TP1= @ 864.500
TP2= @ 965.400
TP3= @ 1151.600
TP4= @ 1229.700
TP5= @ 1415.950
TP6= @ Free
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