Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1717.39 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1733.89 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1796.08 |
| 2nd High | 1762.99 |
| Next High | 1733.89 |
| Current Price | 1733.450000000 |
| Next Low | 1679.11 |
| 2nd Low | 1671.79 |
| 3rd Low | 1654.9 |
1733.89 – 1712.06 – 1719.51 – 1679.11 – 1682.35 – 1671.79 —
1731.760000000 – 1749.550000000 —
64.196703751507 – 67.478420843031 —
– —
1733.89 – 1781931600