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Will the uptrend start soon?

by SuperiorInvest

Weekly Forecast (September 12-16, 2022)

Uptrend scenario

The uptrend will start once the market rises above the 4072.75 resistance level, followed by a move to the 4204.75 resistance level.

Downtrend scenario

The downtrend can be expected to continue while the market trades below the resistance level of 4072.75 followed by reaching the support level of 3883.50 and if it continues to move below this level we can expect the market to reach the support level 3741.25.

Forecast for last week

Diagram

Monthly forecast, September 2022

Uptrend scenario

The uptrend will start once the market rises above the 4202.25 resistance level, followed by a move to the 4631 resistance level.

Downtrend scenario

The downtrend can be expected to continue as the market trades below the resistance level of 4202.25 followed by reaching the support level of 3639 and 3397.50.

Diagram

Forecast for last week

Diagram

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