Weekly forecast (October 31 – November 4, 2022)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 1604, which will be followed by moving up to resistance level 1789.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 1604, which will be followed by reaching support level 1479 and if it keeps on moving down below 1424 level, we may expect the market to reach support level 1190.
Monthly forecast, November 2022
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1424, which will be followed by reaching resistance level 1789 and 2030.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1424, which will be followed by moving down to support level 1190 and 881.56.
All information provided by Anton Kolhanov is for informational purposes only. Information provided is not meant as investment advice nor is it a recommendation to buy or sell any trading instrument. Anton Kolhanov is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained. You should do your own thorough research before making any investment decisions and seek advice from an independent financial advisor.
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