Synthesis
Pivot point : 8240.00
Our preference : short position below 8240.00 with targets at 8160.00 & 8125.00 in extension.
Alternative scenario : above 8240.00, aim for a continuation of the rise with 8269.00 & 8300.00 in sight.
Comment
As long as 8240.00 is resistance, trading range with a bearish bias.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Negative | Prices as of 03/21 | 8,188.69 |
| Basic trend | Bullish | Pivot | 8,240.00 |
| Bracket 1 | 8,160.00 | Additional distance 1 | – 28.69 |
| Bracket 2 | 8,125.00 | Additional distance 2 | – 63.69 |
| Resistance 1 | 8,240.00 | Additional variation 1 | -0.35% |
| Resistance 2 | 8,269.00 | Additional variation 2 | -0.78% |
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