You can notice the size of the candle in the last week of August, when the selloff occurred due to headwinds coming from China, leaving the equity with a big bearish gap that should be closed to re-enter a bullish market.
The current patterns suggest an uptrend, with 33.52, the gap's top, as an objective. Any drawback will lead the equity back to 31.82.
The Weekly Pivot Point is around 32.61. The weekly support levels are around 32.19 and 31.41. The weekly resistance levels are around 33.39 and 33.81.
The current patterns suggest an uptrend, with 33.52, the gap's top, as an objective. Any drawback will lead the equity back to 31.82.
The Weekly Pivot Point is around 32.61. The weekly support levels are around 32.19 and 31.41. The weekly resistance levels are around 33.39 and 33.81.