The combination goes from the bullish trendline downwards
The bearish trend down to the next support level at 146.570000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 158.050000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 154.05452 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 158.050000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | 162.300000000 |
2nd High | 162.000000000 |
Next High | 158.050000000 |
Current Price | 155.970000000 |
Next Low | 146.570000000 |
2nd Low | 144.160000000 |
3rd Low | 141.120000000 |