1. If downward breakout happens from the green line, stop loss should be activated on 410. New buyers would enter the area (support zone) between 370-390 so it could push it to the resistance 470 and 490. If these are broken 550 is the new high.
- RSI indicator shows us 46 level is supported zone.
2. Another Scenario is the upward breakout from the green line and the new targets are as the same as above.
- RSI indicator shows us 46 level is supported zone.
2. Another Scenario is the upward breakout from the green line and the new targets are as the same as above.
Trade active:
Key support at 370 pull the price up.