While below 2.1755 - 2.1825 it is more likely to fall further towards 2.1627 or 2.1567. Premature rise above 2.1825 could see it rising above 2.1944 zone.

Technical Forecast

  • Elliott Wave

    zigzag or flat correction 2.1796

Key Points

  • Key Point2.1843
  • Entry Point2.1772
  • Trendline 12.1547
  • Trendline 22.1855
  • Elliott2.1239
  • Closing2.1706
  • Ex-Low2.1547
  • Ex-High2.1805
  • Projection2.1796

Supports and Resistance levels

  • Support 12.1567
  • Support 22.1428
  • Resistance 12.1825
  • Resistance 22.1944
  • Pivot2.1686

Market should not go lower than 2.1230. After this move down it should go up to 2.1990 area.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.1330
  • Entry Point2.1701
  • Trendline 12.2213
  • Trendline 22.1750
  • Elliott2.3363
  • Closing2.1556
  • Ex-Low2.1423
  • Ex-High2.2141
  • Projection2.1042

Supports and Resistance levels

  • Support 12.1272
  • Support 22.0989
  • Resistance 12.1990
  • Resistance 22.2425
  • Pivot2.1707

It may meet resistance in 2.2764 - 2.2934 zone for a drift down to below 2.2165 zone.

Technical Forecast

  • Elliott Wave

    elongated flat correction down 2.2255

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point2.2371
  • Entry Point2.2731
  • Trendline 12.3544
  • Trendline 22.3060
  • Elliott2.4968
  • Closing2.2504
  • Ex-Low2.2425
  • Ex-High2.3363
  • Projection2.2255

Supports and Resistance levels

  • Support 12.2165
  • Support 22.1826
  • Resistance 12.3103
  • Resistance 22.3702
  • Pivot2.2764