VITE is in the strong support zone at 125-130sts, this could be the starting point for a new uptrend of VITE.
VITE is also fluctuating in a Falling Wedge pattern and this is a fairly reliable reversal pattern.
The target is the 180sts, however, the 160sts is the biggest obstacle to ending the downtrend.
If the VITE breaks the 180sts zone, it will go up to the 240sts zone.
Of course, we should still have a back-up plan, if VITE continues to fall, we will stop loss if it falls out of the 110sts.
VITE is also fluctuating in a Falling Wedge pattern and this is a fairly reliable reversal pattern.
The target is the 180sts, however, the 160sts is the biggest obstacle to ending the downtrend.
If the VITE breaks the 180sts zone, it will go up to the 240sts zone.
Of course, we should still have a back-up plan, if VITE continues to fall, we will stop loss if it falls out of the 110sts.