There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm.
The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased.
The RSI bounced from the uptrend #2 and it prevented price from more losses.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 59.