It should be subject to more weakness towards 15.668208. After which a correction to towards 15.977584 is anticipated. A break of 15.520916 is bearish.

Technical Forecast

  • Elliott Wave

    elongated flat correction down

Key Points

  • Key Point15.84
  • Entry Point15.89
  • Trendline 115.94
  • Trendline 215.99
  • Elliott16.22
  • Closing15.82
  • Ex-Low15.68
  • Ex-High15.99
  • Projection15.71

Supports and Resistance levels

  • Support 115.67
  • Support 215.52
  • Resistance 115.98
  • Resistance 216.14
  • Pivot15.83

It should be subject to more weakness towards 15.593391. After which a correction to towards 16.127220 is anticipated. A break of 15.371281 is bearish.

Technical Forecast

  • Elliott Wave

    common flat resistance in downtrend

Key Points

  • Key Point15.85
  • Entry Point15.84
  • Trendline 115.96
  • Trendline 215.96
  • Elliott17.32
  • Closing15.82
  • Ex-Low15.68
  • Ex-High16.22
  • Projection14.81

Supports and Resistance levels

  • Support 115.59
  • Support 215.37
  • Resistance 116.13
  • Resistance 216.44
  • Pivot15.91

It looks more likely that it would rise to 16.967831 from 15.996747 or 15.557079. After which a downside move is expected.

Technical Forecast

  • Elliott Wave

Key Points

  • Key Point16.24
  • Entry Point16.72
  • Trendline 116.53
  • Trendline 216.53
  • Elliott17.36
  • Closing16.09
  • Ex-Low15.91
  • Ex-High17.32
  • Projection15.24

Supports and Resistance levels

  • Support 115.56
  • Support 215.03
  • Resistance 116.97
  • Resistance 217.85
  • Pivot16.44