The collapse of the price after the breakdown of the resistance stopped at the support at 2123.79. The price of this line was last broken through during the growth in March at 1954.92. Then the resistance of 2238.49 was broken. And it rose to the resistance of 2531.62. This resistance line combines the highs of the price since February 2021. After the second touch of resistance at 2592.16 at the end of this week, the price collapsed. Broke through the resistance at 2318.96. And dropped to support 2123.79. I expect the price to bounce off the support line and rise. The target is 2337.36.
-------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
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.