The index has reached a significant resistance range. Given the behavior of the index in the current resistance range, it is expected to proceed along the specified paths
According to the structure and behavior of the price, two scenarios have been identified to continue the trend The downward trend is more likely
It is expected that after some decline, after reaching the Fibonacci support range, the trend will change and we will see the beginning of an uptrend.
As long as the index is above the current support range, it is more likely to continue the uptrend If the red support trend line is broken down, the downtrend can start
The price is expected to move in the specified direction and reach the specified resistance levels. Then the end of the wave can be considered the Fibo level of 78.6% and in this range the trend should be studied.
It is expected that after the correction according to the two paths specified in the chart, we will see the continuation of the upward trend again
It is expected that after some fluctuation, it will reach the specified support range and then change the trend and see an upward trend.
The price is expected to fluctuate in the current range and continue to decline after the end of the time frame. If the price rises to the specified resistance range, it can move forward and then there is a possibility of changing the trend.
The price is expected to fluctuate in the current range and then we will continue to see an upward trend If the price can cross the support range, the possibility of starting an uptrend will be canceled
After reaching the specified resistance range, it is expected that the price will move according to the specified directions and then we will see the continuation of the upward trend.
It is expected that after crossing the previous ceiling and the resistance trend line, we will continue to see an upward trend. If it penetrates below the support trend line, it will hit the support range, and if it crosses this range, it is able to reach the red support range.
The end of the correction is expected to be within the support range. Then change the trend and witness the ascent If the price can cross the support range, it can go down to the next support range.
It is expected that the trend will change in the specified support range and we will see an ascent to the specified resistance range. If the price can cross the 78.6% Fibonacci level, it will be more likely to continue the downward trend
It is expected that the index will approach the green resistance range, then according to the behavior of the chart in the mentioned range, the continuation of the movement trend in the chart is specified.
Given the price behavior within the current support range, movement scenarios have been identified
If the price fails to stabilize above the specified resistance range, it is possible that the downtrend will continue.
The price is expected to reach the support range. If the price can stabilize above the support range, it is likely that the uptrend will continue
Given the previous sharp ascent, it is expected that the correction will be somewhat time consuming and naturally have more possible scenarios. Given the price behavior in the current resistance range, possible scenarios have been identified