While the price is above the support 1705.700, resumption of uptrend is expected.
We make sure when the resistance at 2910.700 breaks.
If the support at 1705.700 is broken, the short-term forecast -resumption of uptrend- will be invalid.
A trough is formed in at 1719.100 on 07/20/2021, so more gains to resistance(s) 2035.000, 2178.000, 2346.350 and maximum to Major Resistance (2910.700) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 48.
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