The combination breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 165.040000000 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 157.820000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 165.71144 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 165.040000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 167.860000000 |
2nd High | 166.930000000 |
Next High | 165.040000000 |
Current Price | 163.430000000 |
Next Low | 157.820000000 |
2nd Low | 157.580000000 |
3rd Low | 153.450000000 |