Current fall is near an end of wave around 85.4133 zone, a rally should then procede to above 86.6733. Fall below 84.9267 would cancel this scenario.

Technical Forecast

  • Elliott Wave

    flat correction down 85.2300

  • Trend Warning

    Warning: Imminent end of bearish move

Key Points

  • Key Point85.42
  • Entry Point86.08
  • Trendline 187.02
  • Trendline 286.11
  • Elliott88.12
  • Closing85.90
  • Ex-Low85.70
  • Ex-High86.96
  • Projection85.23

Supports and Resistance levels

  • Support 185.41
  • Support 284.93
  • Resistance 186.67
  • Resistance 287.45
  • Pivot86.19

Currently uptrend should end around 87.7000 - 87.3200 area. A correction down to below 85.5800 is expected. A rise above 87.9600 will abort the expected correction.

Technical Forecast

  • Elliott Wave

    flat correction up 87.5056

  • Trend Warning

    Warning: Imminent end of bullish move

Key Points

  • Key Point87.86
  • Entry Point87.18
  • Trendline 186.09
  • Trendline 286.86
  • Elliott78.18
  • Closing86.68
  • Ex-Low85.12
  • Ex-High86.86
  • Projection88.24

Supports and Resistance levels

  • Support 185.58
  • Support 284.48
  • Resistance 187.32
  • Resistance 287.96
  • Pivot86.22

Market should hold major support at 79.0967 before rising towards 87.4667 or even 91.1133 limit.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point84.28
  • Entry Point84.86
  • Trendline 186.57
  • Trendline 283.82
  • Elliott91.46
  • Closing83.82
  • Ex-Low78.18
  • Ex-High86.47
  • Projection80.84

Supports and Resistance levels

  • Support 179.18
  • Support 274.53
  • Resistance 187.47
  • Resistance 291.11
  • Pivot82.82