Support at 155.9900 or 155.3700 should hold the downside for a correction to above 157.2300 zone.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 155.2757

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point154.92
  • Entry Point156.12
  • Trendline 1157.13
  • Trendline 2156.25
  • Elliott162.29
  • Closing155.99
  • Ex-Low155.99
  • Ex-High157.85
  • Projection155.28

Supports and Resistance levels

  • Support 1155.37
  • Support 2154.75
  • Resistance 1157.23
  • Resistance 2158.47
  • Pivot156.61

Current fall is near an end of wave around 159.8833 - 158.7267 zone, a rally should then procede to above 162.2433. Fall below 157.5233 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    irregular flat correction down 159.8744

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point159.56
  • Entry Point160.39
  • Trendline 1162.71
  • Trendline 2158.81
  • Elliott166.66
  • Closing161.04
  • Ex-Low159.93
  • Ex-High162.29
  • Projection158.72

Supports and Resistance levels

  • Support 1159.88
  • Support 2158.73
  • Resistance 1162.24
  • Resistance 2163.45
  • Pivot161.09

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Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point162.79
  • Entry Point164.80
  • Trendline 1166.87
  • Trendline 2165.67
  • Elliott167.73
  • Closing162.97
  • Ex-Low160.91
  • Ex-High166.66
  • Projection160.67

Supports and Resistance levels

  • Support 1160.37
  • Support 2157.76
  • Resistance 1166.12
  • Resistance 2169.26
  • Pivot163.51