The combination goes from the bullish trendline down.
A bearish descent down to the next support at 27.240000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 28.230000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 27.24 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 28.230000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 29.620000000 |
2nd High | 29.320000000 |
Next High | 28.230000000 |
Current Price | 27.440000000 |
Next Low | 27.240000000 |
2nd Low | 26.820000000 |
3rd Low | 25.060000000 |