Now we have to note an important signal - the price reached 5300.00 which also is supported by the upper line of the channel.
confirms the price reversal. histogram supports a possible downward movement. DMI tells us about range market conditions. All these signals tell us about the bouncing from the and moving down to the main line of the channel. Such movement will be logical.
At the same time, we should be ready to see a breakout, which can be also a false breakout, and an upward movement to the next resistance at 5500.00 level. But do you think that the market can do this now?
Share your ideas in comments, let's discuss!