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!