While the price is above the support 1762. 05 , resumption of uptrend is expected.
We make sure when the resistance at 1902.60 breaks.
If the support at 1762. 05 is broken, the short-term forecast -resumption of uptrend- will be invalid.
While the downtrend #1 is not broken, wave in price would continue.
A trough is formed in at 1762. 05 on 12/14/2020, so more gains to resistance(s) 1875.15 and maximum to Major Resistance (1902.60) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
( ) is 40 .
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