Monthly: ADX is corrective, the oscillator has signs of divergence, so we do not wait the index above 2201.6 (the upper Bollinger band). Support is at 2062.8 (middle Bollinger band)
Weekly: so far, here the price is within the upper Bollinger envelope (the range 2130.1-2225.4). ADX is also corrective, so rebuilding will not have an impulse nature.
Daily chart: another frame, where ADX is passive. The price is consolidated in a horizontal corridor within Bollinger envelopes (the range 2120.0-2201.6)
Expectations: waiting for the upward movement to the area of 2201.6 and then decline to 2120.0
solutions: at the daily and smaller charts look for Sell signals around 2201.6 with the target 2120.0
Monthly: a continued trading around the middle Bollinger band (50.05). ADX is still corrective. There are big difficulties for bears. But, taking into account contradiction betweeb the indicators ADX and RSI, bulls do not have a clear medium-term outlook as well.
Weekly: local resistance is at the upper Bollinger band (52.64). Support lines are at 47.72 and 44.04 (the middle and lower Bollinger bands)
Daily chart: at this local frame ADX is growing, so the price may touch the touch area of 52.64 (upper Bollinger band). ADX has not reached the trend area yet, leaving the possibility of another touch of the middle Bollinger band (47.72)
The main scenario - return to 47.72 followed by growth to 52.64
The alternative scenario - a direct growth to 52.64.
1. Buy from around 47.72 to 52.64
2. sell to 52.64
Monthly: ADX in the active trend zone, so at any time, we can expect impulse distribution. Buyers have a positional advantage.
Weekly: at this local frame ADX is very weak, thus making a fall to 1235.26 very probable (lower Bollinger band), from where an upward bounce can be expected as well as the mid-term attempt of bulls to work out the month norther potential.
Daily chart: a well expressed support area 1304.72 (lower Bollinger band) is reliable, cause Bollinger envelope retain a horizontal position. But ADX very close to the trend value, so in the event of a break below 1304.72, the decline to 1235.26 will be real.
The main scenario - drop to 1235.26
The alternative scenario - an upward bounce from around 1304.72 in the direction of 1346.41.
1. Sales aimed at a breakthough of 1304.72 to 1235.26
2. Under the alternative scenario, we should be looking for upward signals around 1304.72.
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