There is bearish potential for a fall to 225.0633 while 227.0867 - 227.9500 resist. After this fall a recovery up to 227.9500 or 228.8133 is expected.

Technical Forecast

  • Elliott Wave

    correction zigzag 228.7945

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point228.02
  • Entry Point227.70
  • Trendline 1228.03
  • Trendline 2228.37
  • Elliott219.34
  • Closing226.79
  • Ex-Low225.36
  • Ex-High229.11
  • Projection228.79

Supports and Resistance levels

  • Support 1225.06
  • Support 2223.34
  • Resistance 1228.81
  • Resistance 2230.84
  • Pivot227.09

One more dip to 222.8400 - 217.2067 is likely followed by a grind higher to 233.0400 - 237.6067. After which it can resume its downtrend.

Technical Forecast

  • Elliott Wave

    extended impulse wave down 220.9564

  • Trend Warning

    Warning: End of trend - Imminent end of bearish move

Key Points

  • Key Point227.50
  • Entry Point232.48
  • Trendline 1239.61
  • Trendline 2236.90
  • Elliott251.12
  • Closing226.34
  • Ex-Low219.34
  • Ex-High239.74
  • Projection220.96

Supports and Resistance levels

  • Support 1217.21
  • Support 2208.07
  • Resistance 1237.61
  • Resistance 2248.87
  • Pivot228.47

While above 239.6050 - 235.7666 zone a corrective dip could test 243.4433 or 248.5966. After which it should resume his downtrend.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point237.14
  • Entry Point244.13
  • Trendline 1242.20
  • Trendline 2242.58
  • Elliott251.12
  • Closing240.92
  • Ex-Low238.29
  • Ex-High251.12
  • Projection232.58

Supports and Resistance levels

  • Support 1235.77
  • Support 2230.61
  • Resistance 1248.60
  • Resistance 2256.27
  • Pivot243.44