Possible support and resistance are marked in the graph. looks like it is in a downtrend for short term interval.
If it stays above the blue EMA, I think there is no big problem.
If it can break the triangles above resistance (red line) target will be 277 to make a cup formation.
If it stays above the blue EMA, I think there is no big problem.
If it can break the triangles above resistance (red line) target will be 277 to make a cup formation.
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It looks like that it is moving in a horizontal channel between 206 and 233.
I think the break point of this channel will show us the direction of the move. Indicators shows that it is looking to find a direction to itself.
I think the break point of this channel will show us the direction of the move. Indicators shows that it is looking to find a direction to itself.
Must stay above the trend support zone (red line marked with blue arrow) for the upward movement.