SXPIt is in the ascending channel in weekly and daily timeframes. However, due to the large width of the channel, it is possible to oscillate in 4-hour and 1-hour time frames.
It is currently between 1 and 4 hours of support and resistance.
Strategy 1: If it stays in the downward channel for 1 hour, you can expect a fall.
Strategy 2: If, in addition to the 1-hour Neroli channel, it can break the 1-hour resistance range, it will operate according to the Fibonacci expansion rule and will climb to 161.8%.
