FIBONACCI RETRACEMENT IS AT 62% OF EARLIER BIG DOWNWARD MOVE.
AT THE TOP SIDE, THERE IS HUGE RESISTANCE AT THE LVLS OF 1411.
FROM THE WEEKLY CHARTS AND ALSO DAILY CHARTS, THERE IS A TENDENCY TOWARDS A PRICE LEVEL OF 1356 AND 1332 (WHICH HAPPENS TO BE THE 50% FIBONACCI LEVEL). FROM 1332 IT SHOULD START MOVING UP.
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TODAY LOW 1375.
NEARING T1 - 1356
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Today low T-1 of 1365 reached.
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IT HAS FORMED MULTIPLE BOTTOMS AT 1365 AND TOPS AT 1393.