In this time frame, the price is moving in the orbit of an upward trend line and has encountered resistance in the range of $1354 and has entered the falling phase. It has also encountered support in the support range of its trend line and formed a Bearish flag pattern.
The data is a kind of bearish pattern, and Qaim is expected to rise up to the 0.618 Fibonacci level and then continue to fall to the $1084 range after breaking the upward trend line.
Support target: 1195-1146-1084
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