It is expected that the upward trend will pass the resistance range and with the stabilization above this range, we will see the continuation of the upward trend.
If the price crosses the support trend line, the continuation of the correction will be formed. And with the failure of the support range, the beginning of the downtrend of the scenario will be likely.
If the price crosses the support trend line, the continuation of the correction will be formed. And with the failure of the support range, the beginning of the downtrend of the scenario will be likely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.