There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1214.25 would begin in Midterm.
We will close our open trades, if the Midterm level 1214.25 is broken.
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg lower if price breaks and closes below the uptrend line of the triangle.
While the resistance #1 at 53 is not broken, the probability of price increase would be too low.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 53.