While below 15.8500 - 15.9033 it could fall towards below 15.5833. Rise above 15.9700 could activate some bullish pattern.

Technical Forecast

  • Elliott Wave

    crucial reversal point 15.9700

  • Trend Warning

    Warning: Harami

Key Points

  • Key Point15.77
  • Entry Point15.86
  • Trendline 115.96
  • Trendline 215.92
  • Elliott16.61
  • Closing15.85
  • Ex-Low15.77
  • Ex-High16.09
  • Projection15.33

Supports and Resistance levels

  • Support 115.72
  • Support 215.58
  • Resistance 116.04
  • Resistance 216.22
  • Pivot15.90

Uptrend is still intact in a triangle configuration. It should continue to rally to 16.7800 or 16.6700 if support around 15.8800 hold. After which a pullback to 15.8800 - 15.6650 zone is possible.

Technical Forecast

  • Elliott Wave

    crucial reversal point

  • Trend Warning

    Warning: End of trend - Imminent end of bullish move

Key Points

  • Key Point16.78
  • Entry Point15.99
  • Trendline 115.32
  • Trendline 215.58
  • Elliott13.61
  • Closing16.24
  • Ex-Low15.09
  • Ex-High16.31
  • Projection17.32

Supports and Resistance levels

  • Support 115.45
  • Support 214.66
  • Resistance 116.67
  • Resistance 217.10
  • Pivot15.88

It should trade lower to 13.9667. Resistances are at 15.2767 and 15.7533. A break of 16.5867 is bullish, confirmed by a close above 15.8700.

Technical Forecast

  • Elliott Wave

    crucial reversal point

Key Points

  • Key Point15.34
  • Entry Point14.47
  • Trendline 114.92
  • Trendline 213.62
  • Elliott13.61
  • Closing14.80
  • Ex-Low13.61
  • Ex-High14.92
  • Projection15.22

Supports and Resistance levels

  • Support 113.97
  • Support 213.13
  • Resistance 115.28
  • Resistance 215.75
  • Pivot14.44