It is expected that a trend change will form at the current resistance level and we will witness the beginning of a downtrend. If the index breaks through the resistance level, the upward trend will continue to the specified resistance levels. Then, there is a possibility of a trend change at this level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.