Area from about 11,030-11,230 (Green box) is a previous resistance, now turned into support.
We got rejected from the trend line (12300). As long as the price holds in the green box, we will probably test the 12,000 resistance again and possibly continue the bullrun.
If we get rejected from the box and it turns into resistance, I'm looking for daily 21 EMA to hold. If that is not the case, I think we will test the bottom of the trend again.
We got rejected from the trend line (12300). As long as the price holds in the green box, we will probably test the 12,000 resistance again and possibly continue the bullrun.
If we get rejected from the box and it turns into resistance, I'm looking for daily 21 EMA to hold. If that is not the case, I think we will test the bottom of the trend again.