Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 49.47756 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 51.560000000 should be noted.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 53.840000000 |
2nd High | 53.620000000 |
Next High | 51.560000000 |
Current Price | 50.460000000 |
Next Low | 48.130000000 |
2nd Low | 42.780000000 |
3rd Low | 41.320000000 |