It is expected that we will continue to decline by crossing the support range. It will probably go as far as the previous low
It is expected that in the current support range we will see a continuation of the downward trend and in the next support range a trend change will take place and we will see an ascent.
According to the behavior of the index in the specified support range, possible scenarios have been identified. The uptrend is likely to take longer.
Given the price behavior in the green resistance range, it is possible to examine the possible scenarios identified. It is more likely that the downtrend will continue. Unless the price strongly crosses the mentioned resistance range
Due to the completion of the d wave pattern in the specified resistance range, the price is forming the e wave pattern. The price is expected to move according to the specified directions and then with the end of the e wave, we will see the beginning of an upward trend.
If the price can cross the current resistance range, there is a possibility of starting an upward trend and it can continue to move until the next resistance range. If the price crosses the current support range, it will be more probable and stronger to continue the downtrend.
The price is expected to enter an uptrend and move to the specified resistance range.
The price is expected to hit the specified resistance range. Then the uptrend is expected to continue. Otherwise, it should not go past the previous low so that the uptrend scenario is not canceled
It is expected that after some fluctuations in the current range, it will be able to cross the resistance trend line and then see the continuation of the uptrend.
After completing the correction pattern and changing the trend in the specified support range, it is expected that the uptrend can move in the specified direction and stabilize above the previous high.
Due to the price reaction to the specified support range, it is expected that a triangle pattern will be formed and we will continue to see a downward trend according to the specified direction. The alternative scenario is to continue the current uptrend to the resistance range and then continue the downtrend.
Due to the price behavior in the range of the resistance trend line, it is expected that the downtrend will end and after some fluctuations in the specified range, we will see the beginning of an uptrend
We are expected to see a continued decline. The support trend line can then proceed according to the possible scenarios identified
Prices are expected to rise. Stabilization above the $ 1787 price level is important for this scenario. If the price can cross the support trend line, the continuation of the trend will be corrective and downtrend
The price is expected to be at the end of the d wave range and we will see the beginning of a downtrend or correction. The e-wave can reach the specified limits, but is not required. So there is a possibility that the e wave will shorten
The price is expected to change within the specified support range and start the uptrend. It is very important to stabilize the current resistance range above the uptrend Infiltration and stabilization below the support range can invalidate the above scenario
Given the price behavior within the specified support range, the triangle pattern is expected to form. Therefore, it is expected that the price will rise according to the specified path and go up to the specified resistance range.
Due to the price behavior within a certain support range, it is expected that the price will change trend according to the specified direction and continue the upward trend after corrective fluctuations.