W1 price is located below 200 period SMA and 100 period SMA for the primary bearish with secondary ranging between 1306.81 resistance level and 1132.00 support level:
- The price is ranging between ranging between 1306.81 and 1132.00 levels;
- If weekly price will break 1132.00 support
level so the primary bearish will be continuing, otherwise the price will be ranging within the familiar levels;
- “Prices accelerated downward, testing the lowest levels in four months. A daily close below the 76.4% Fibonacci expansion at 1152.47 exposes the 100% level at 1136.03.”
Trend:
- D1 - ranging to be ready for breakdown
- W1 - ranging bearish
- MN1 - ranging
