While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 27. 40 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
The downtrend #1 is broken, so the probability of resumption of uptrend is increased.
While the uptrend #2 is not broken, wave in price would continue.
A trough is formed in at 23.55 on 12/11/2020, so more gains maximum to Major Resistance (27. 40 ) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 62.
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