Midterm forecast:
While the price is under the resistance of 74, a resumption of an uptrend is expected.
We make sure when the support at 70 rebound.
If the support at 70 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades if the Midterm level 69.10 is broken.
Technical analysis:
A trough is formed in the daily chart at 84 on 02/23/2021, so more gains to resistance(s) 87, and maximum to Major Resistance (98) is expected.
+ Trigger:
Trigger1= 70.90 - 71.50
+ Take Profits:
TP1=75
TP2=86
TP3=98
+ Stop:
Stop1=69.10
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While the price is under the resistance of 74, a resumption of an uptrend is expected.
We make sure when the support at 70 rebound.
If the support at 70 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades if the Midterm level 69.10 is broken.
Technical analysis:
A trough is formed in the daily chart at 84 on 02/23/2021, so more gains to resistance(s) 87, and maximum to Major Resistance (98) is expected.
+ Trigger:
Trigger1= 70.90 - 71.50
+ Take Profits:
TP1=75
TP2=86
TP3=98
+ Stop:
Stop1=69.10
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.