It is expected that the price will fluctuate above the Fibonacci levels and after the completion of the corrective pattern, the beginning of the upward trend will be formed. If the price crosses the 100% level, the downward trend is likely to continue
As long as the price fluctuates above the green range, the continuation of the upward trend is likely, otherwise, the trend will change after crossing the support range
It is expected that the support range will be broken and the downward trend will continue. Otherwise, a strong upward wave needs to form and stabilize above the support range. In this case, it will be possible to continue the correction process
According to the behavior of the price in the current range, the continuation of the movement will be according to the specified paths. The downward trend is expected to continue. If the rise to the specified resistance levels is formed, then a reversal is expected to form and the downtrend will begin
According to the behavior of the price in the current support range, possible scenarios have been identified. Considering that the corrective pattern has not been completed, the possibility of starting an upward trend is low
It is expected that the price will fluctuate in the current resistance range and then a trend change will take place and we will see the beginning of the downward trend
If the price crosses the resistance range, it will be possible to continue the upward trend. Otherwise, after some fluctuation, the upward trend will continue If the price fluctuates in the current resistance range and wastes time, there is a possibility of starting a downward trend with the breaking of the green support range
After the price reaches the resistance levels, the behavior of the price in this range will determine the continuation of the movement trend according to the specified paths. It is likely that the trend will change and the downward trend will continue
It is expected that after the completion of the corrective pattern at the support levels, a trend change will be formed and the upward trend will continue. As long as the price fluctuates above the green support range, a trend change and the start of an upward trend will be likely
The current uptrend is expected to break through the resistance zone and advance to the specified Fibonacci levels. Then, according to the behavior of the indicator in this range, the continuation of the movement process will be determined. After the completion of the current uptrend, a downtrend is expected to form to the specified support levels
A correction is expected to form up to the specified support area and then a continuation of the uptrend is established. If the index crosses the support range, it will be possible to continue the correction process until the next support range
Considering the behavior of the price in the current resistance range, it is expected that after some fluctuation and correction, the continuation of the upward trend will be formed up to the level of 78.6%. If the price crosses the support range, the continuation of the downward trend will take place and it will advance to the support levels
Considering that the time of the recent upward wave is short, it is expected that the correction will be formed up to the specified support levels and then the continuation of the upward trend will be likely
It is expected that the continuation of the downward trend will be formed according to the specified paths. As long as the price does not stabilize above the green resistance range, it will be possible to continue the downward trend
Considering the position of the price in the current range, the behavior of the price in the support range is very important. If the price crosses the support range, it will be possible to start a downward trend. Otherwise, it is expected that after some fluctuation, the continuation of the upward trend will take place
It is expected that the price will stabilize above the current range and then we will witness the start of an uptrend. Otherwise, an oscillatory trend will form in the current range