Technical Analysis 2025-08-22
Weekly Level: 【Predominantly Bearish】
Retracement of wave 6 in an uptrend, support at 100000;
// If it does not break through 127000, maintain bearish view and wait for a retracement.
Daily Level: 【Predominantly Bullish】
Consolidation in a high range, stabilizing bullish;
// Support at 112000
Intraday Level: 【Predominantly Bullish】
Downtrend turns into consolidation, coinciding with support level, bullish and bearish, predominantly bullish;
// Resistance at 115000, support at 112000
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Weekly Level: 【Wait and See】
Uptrend, not advisable to chase prices, resistance level pulls back;
// Waiting for a pullback to support level 4000
Daily Level: 【Predominantly Bullish】
Uptrend, pullback to near the trend line inflection point, stabilizing bullish;
// Support at 4100, 3940
Intraday Level: 【Predominantly Bullish】
Downtrend turns into consolidation, predominantly bullish;
// Resistance at 4380, support at 4200, 4115;
