It looks more likely that it would rise to 2.1725 - 2.1835 from 2.1596 or 2.1541. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag 2.1484

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point2.1599
  • Entry Point2.1675
  • Trendline 12.1632
  • Trendline 22.1747
  • Elliott2.1782
  • Closing2.1614
  • Ex-Low2.1578
  • Ex-High2.1762
  • Projection2.1554

Supports and Resistance levels

  • Support 12.1541
  • Support 22.1467
  • Resistance 12.1725
  • Resistance 22.1835
  • Pivot2.1651

It looks set for gains to 2.1958. Supports at 2.1467 and 2.1362. A break of 2.0976 will damage this bullish structure.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend

Key Points

  • Key Point2.2012
  • Entry Point2.1599
  • Trendline 12.1569
  • Trendline 22.1556
  • Elliott2.1186
  • Closing2.1748
  • Ex-Low2.1186
  • Ex-High2.1782
  • Projection2.2018

Supports and Resistance levels

  • Support 12.1362
  • Support 22.0976
  • Resistance 12.1958
  • Resistance 22.2168
  • Pivot2.1572

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