Hello guys
We see that it has strong support and an upward trend line that it supports
But there is a newly formed downtrend line that we have to wait to see if the trend line is broken or further support will be lost but support has more power and is more likely to break the trend line but there is no certainty and the index should move Let's also look at the dollar.
If support is lost, we should see more falls, but if the trend line is broken, at least the climb to the nearest peak will be.
We see that it has strong support and an upward trend line that it supports
But there is a newly formed downtrend line that we have to wait to see if the trend line is broken or further support will be lost but support has more power and is more likely to break the trend line but there is no certainty and the index should move Let's also look at the dollar.
If support is lost, we should see more falls, but if the trend line is broken, at least the climb to the nearest peak will be.
