Monthly:upward correction is nearing its end (Bulls finished the March rally successfully, but in general — we still wait for a downward reversal) .
Weekly: we see signs of stop of the upward movement. Around 2090.0 we definitely need to look for the downward entry points
Daily: the upper envelope has clamped the index inside — 2001.8-2073.4. From the upper wall of this corridor I expect a full downward reversal in the direction of 1925.9.
Expectations: hitting 2073.4 and then a drop to 1925.9
solutions: sales from 2073.4 to 1925.9
Monthly: upward correction is still here and it reserves its middle-term potential to to the middle Bollinger band (63.40)
Weekly: the past week we have received the bearish inside bar, so we expect that local initiative will be on the bears' side and they will manage to drop the price to 38.06 (see the black arrow.).
The price may also finalize the upper Bollinger band (49.87, see the red arrow)
Daily: the price has reached support from the middle Bollinger band (39.47) with pinbar at the end, which allows bulls to start a new impulse to 44.00 (the upper Bollinger band)
Expectations: growth to 44.00
solutions: buy to 44.00.
Monthly: the price is dropping from the upper Bollinger band (1322.62) in the direction of the bottom band (1040.34)
Weekly: waiting the price to fall to the middle band (1141.21). But we also note demand within the bullish patternOver&Under (1080.00)
Daily: ADX has not reached the trend zone yet, so the main phase of drop may begin after return to the area 1244.63 (middle Bollinger band)
Expectations: the price is expected to drop to 1187.14, then to return to 1244.63 and a new impulse phase of decline towards 1141.21
solutions: sell to 1187.14, then we should resell in the middle run to 1141.21from 1244.63.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us