Current fall is near an end of wave around 146.827682 zone, a rally should then procede to above 148.192444. Fall below 146.167389 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point147.20
  • Entry Point147.60
  • Trendline 1148.34
  • Trendline 2147.38
  • Elliott149.32
  • Closing147.49
  • Ex-Low146.87
  • Ex-High148.24
  • Projection146.62

Supports and Resistance levels

  • Support 1146.83
  • Support 2146.17
  • Resistance 1148.19
  • Resistance 2148.90
  • Pivot147.53

Uptrend is still intact in a triangle configuration. It should continue to rally to 149.252411 or 149.668671 if support around 147.901428 hold. After which a pullback to 147.901428 - 147.403961 zone is possible.

Technical Forecast

  • Elliott Wave

    irregular flat correction up

Key Points

  • Key Point149.83
  • Entry Point148.15
  • Trendline 1146.60
  • Trendline 2147.31
  • Elliott143.78
  • Closing148.67
  • Ex-Low146.13
  • Ex-High148.90
  • Projection150.80

Supports and Resistance levels

  • Support 1146.91
  • Support 2145.14
  • Resistance 1149.67
  • Resistance 2150.66
  • Pivot147.90

It should test 146.839478 area after which a sell off down to 143.980499 or extended to 141.714005 area is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point145.16
  • Entry Point145.68
  • Trendline 1147.13
  • Trendline 2145.25
  • Elliott153.86
  • Closing146.25
  • Ex-Low143.78
  • Ex-High148.12
  • Projection95.36

Supports and Resistance levels

  • Support 1143.98
  • Support 2141.71
  • Resistance 1148.32
  • Resistance 2150.38
  • Pivot146.05