While the price is above the support 99.900, beginning of uptrend is expected.
We make sure when the resistance at 393.550 breaks.
If the support at 99.900 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The taking shape and as a suggests we will soon see another leg higher if price breaks and closes above downtrend.
The bounced from the support #1 at 18 and it prevented price from more losses.
While the downtrend #2 is not broken, wave in price would continue.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
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