This seems like it could go two ways.
If it breaks below the support then we could expect a continuation in downtrend heading to newer lows. (Red Area)
Or if it breaks above resistance then we could expect the bulls to take over. (Green Area)
You can set your targets to the lines in yellow if you're following.
Just my analysis. Do not take my word for it.
Tried breaking into new highs but never broke resistance.
It now seems to be going on a downtrend.
You can set your targets to the lines in yellow if you're following.
Just my analysis. Do not take my word for it.
