I see here flag pattern and proboly price can go til 47000 support level and reverse. Also, bollinger bands show downside direction. How do you think?
The red line is strong resistance. However we see that trend line was broken. Thereby I would way for the confirmation of the trend - retest from the red line either to the down side of upside. www.tradingview.com Here I described the possible scenario. If price wil get lower than the highest low -> SHORT If price breaks the resistance leve and retests...
Here can be seen a reversal of the trend. Also, we can seeretest of the level. Most likely price go up.
I am making for self-learning and encourage people do their own research and analysis. If there will be any uuseful advices I will be very thankful)
I am making this only for testing myself. Every person should make own researches.