Given the behavior of the index within the specified support ranges, possible scenarios have been identified. It is expected that a trend change will take place and we will witness the beginning of an upward trend.
It is expected that the upward trend will begin and the price will cross the resistance trend line. Then, with stabilization above the resistance range, the continuation of the upward trend will be likely.
Given the price behavior within the current resistance range, it is expected that a trend change will take place and we will witness the start of a downward trend.
As long as the price does not stabilize above the resistance range, there is a possibility of a trend change and the start of a correction.
It is expected that a trend change will form within the current resistance range and we will witness the beginning of a correction. If the price breaks through the resistance trend line, the continuation of the upward trend will be likely.
It is expected that a trend change will form within the current resistance range and we will witness the beginning of a downward trend. If the price consolidates above the resistance range, the above scenario will be invalidated.
It is expected that a trend change will form within the current resistance range and we will witness the beginning of a downward trend.
It is expected that the downtrend will continue after some fluctuations and corrections. As long as the price does not stabilize above the green resistance area, the downtrend will continue.
It is expected that the downtrend has ended within the support trend line and the start of the upward trend is now expected.
It is expected that the trend will change at the specified support levels and we will see the start of the upward trend.
Given the support trend line break, we are expected to see a pullback to this range. Then, given the behavior of the index in this range, a continuation of the downward trend is likely.
The price is expected to consolidate above the support level and then we will see the start of the upward trend.If the support level is broken, the continuation of the downward trend is possible.
The correction is expected to advance to the specified support level. Then, within the specified time frame, there is a possibility of a trend change and the start of the upward trend.
The upward trend is expected to advance to the specified resistance level and then we will see the start of the correction.
As long as the price does not stabilize above the green resistance level, the downward trend will continue according to the specified paths.
The downtrend is expected to end at the current support level, then a start of an uptrend is possible. Otherwise, a continuation of the downtrend is possible to the next support level.