The combination goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 138.610000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 152.400000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 142.17 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 152.400000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 157.380000000 |
2nd High | 157.340000000 |
Next High | 152.400000000 |
Current Price | 140.850000000 |
Next Low | 138.610000000 |
2nd Low | 127.070000000 |
3rd Low | 126.960000000 |