The horizontal resistance line of $ 11,300 has become a good support,
but this line is now facing a new bearish trend line.
The outcome of this bear-bull match seems to me to be important:
because it will be either a bull signal (breakout of the red oblique)
or a bear signal (break support in white)
...to take a position accordingly.
This bearish trendline has led to many rejections
but it's approaching the bullish support line.
Which of the two will prevail? Answer in the evening!
but this line is now facing a new bearish trend line.
The outcome of this bear-bull match seems to me to be important:
because it will be either a bull signal (breakout of the red oblique)
or a bear signal (break support in white)
...to take a position accordingly.
This bearish trendline has led to many rejections
but it's approaching the bullish support line.
Which of the two will prevail? Answer in the evening!
