Given the behavior of the index in the resistance range and the resistance trend line, an upward trend is expected. Otherwise, a downward trend to the previous low is possible.
If the price breaks through the support area, the downward trend will likely continue. Otherwise, if the green resistance area is broken, the upward trend will likely continue.
It is expected that a trend change will form in the current resistance area and we will see the beginning of the downward trend. If the price breaks through the resistance area, the upward trend will likely continue.
Considering the price behavior in the green support area, possible scenarios have been identified. The price is expected to break through the support area and continue the downward trend.
It is expected that the corrective trend will eventually end in the specified support area and we will see the beginning of the upward trend. If the support area is broken, the continuation of the downward trend is likely.
Given the price behavior in the current support area, a corrective trend is expected. As long as the price does not consolidate above the previous ceiling, a corrective trend is likely.
It is expected that the trend will change in the current support area and we will see the beginning of the upward trend. The break of the resistance trend line will be a confirmation of the upward trend.
As long as the index fluctuates above the green support range, the continuation of the upward trend will be likely. Otherwise, the continuation of the correction will be likely.
Considering the price behavior within the current support range, possible scenarios have been identified. It is expected that the correction will continue and advance to the specified support range.
It is expected that a trend change will form within the current support range and we will witness the start of an upward trend. If the price crosses the green support range, the continuation of the downward trend will be likely.
It is expected that a trend change will take place within the current support range and we will witness the start of an uptrend. Otherwise, the downtrend will continue along the specified path.
The uptrend is expected to continue to the next resistance level. Then, depending on the price behavior within this range, there is a possibility of a correction.
It is expected that after some fluctuation and correction in the resistance area, the downtrend will continue. If the price breaks through the resistance area, it can rise to the resistance trend line.
The price is expected to move in the specified direction and after the completion of the corrective pattern, the start of an uptrend is likely. A break of the support zone will cause the continuation of the downtrend.
Given the price behavior within the current resistance range, possible scenarios have been identified. It is expected that the uptrend will continue and advance to certain Fibonacci levels.
A trend reversal is expected at the current support level. Then, a break of the green resistance level will confirm the uptrend. Otherwise, a break of the support level will likely lead to a continuation of the downtrend.
If the indicator consolidates above the green support zone, a continuation of the upward trend to the specified resistance levels is possible. Otherwise, a correction to the specified support levels is possible.