While the price is below the resistance 26.20, beginning of downtrend is expected.
We make sure when the support at 19.65 breaks.
If the resistance at 26.20 is broken, the short-term forecast -beginning of downtrend- will be invalid.
The downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the resistance #2 at 56 is not broken, the probability of price increase would be too low.
A peak is formed in at 25.50 on 10/12/2020, so more losses to support(s) 23.05, 22.15, 21.00 and minimum to Major Support (19.65) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 50.
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