Synthesis
Pivot point : 7545.00
Our preference : long position above 7545.00 with targets at 7615.00 & 7654.00 in extension.
Alternative scenario : in case of a break of 7545.00, a continuation of the decline will be possible with 7519.00 & 7489.00 in sight.
Comment
It is advisable to remain cautious because these levels could be an opportunity for profit taking.
| Tendency | Calculated data | ||
|---|---|---|---|
| Technical advice | Positive | Price as of 01/26 | 7,607.25 |
| Basic trend | Bullish | Pivot | 7,545.00 |
| Bracket 1 | 7,545.00 | Additional distance 1 | 7.75 |
| Bracket 2 | 7,519.00 | Additional distance 2 | 46.75 |
| Resistance 1 | 7,615.00 | Additional variation 1 | +0.10% |
| Resistance 2 | 7,654.00 | Additional variation 2 | +0.62% |
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