Monthly chart: quite well shaped bearish bar has justified our expectations for June regarding downward reversal of the index. The nearest middle-term target is 1964.1 (the middle Bollinger band)
Weekly chart:: support from the bottom Bollinger band (2047.9) is still refraining bears ADX. It remains the probability of a new slight bounce up, whereupon we would not be able to avoid a new decline to 1964.1.
Daily chart:: dense area of support 2047.9-2057.0 is able to refrain the price from decline for a certain time, but we cannot discuss purchases.
Expectations: here is a certain fight in the area 2047.9-2057.0 and then a new decline to 1964.1
1) Sales on new local upward movement, target is 1964.1
Monthly chart: the bottom Bollinger band received even a bigger decline and now points at 43.28, which is the middle-term target.
Weekly chart:: nearest target is 54.29 ( the bottom Bollinger band)
Day chart: standard breakthrough of the bottom envelope! We shall wait for a return to the middle band (63.41) and will again add Sell to 43.28
Expectations: decline to 54.29. A preliminary pullback to 63.41 is possible.
1) We keep sales open to 43.28
2) We shall open new sales to 63.41.
Monthly chart: all review indicators are still in a flat position, though preparation to movement is also seen.
Weekly chart: Bollinger bands are getting narrow thereby anticipating an impulse movement but ADX is now passive. Range 1156.40-1236.44
Daily chart:the bottom Bollinger band has withstood an attack and now bulls may avail from this situation to move the price to the middle Bollinger band (1178.99)and probably to the upper one (1200.00)
Expectations: growth to 1178.99.
1) We may buy to 1178.99.Publication source