At the end of November, the price was able to break through the strong support zone, consistently falling below the level and the support line. However, its fall stopped at another level - 1764.94.
Then she turned into growth. The level support was so strong that during the growth the price was also able to break through the support zone and rise above it.
This is a strong support area formed by the level and also the support line from the year 2020.
Its breakdown and consolidation in the zone indicates that the price is ready to rise in the near future. Thus, I expect the price to rise towards the resistance line. So, our target is the resistance line 1875.27.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻