Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 3863.35168 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 3945.000000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 3987.410000000 |
2nd High | 3968.470000000 |
Next High | 3945.000000000 |
Current Price | 3897.390000000 |
Next Low | 3825.030000000 |
2nd Low | 3796.800000000 |
3rd Low | 3562.340000000 |