Support breakdown has been witnessed earlier shown by 2 horizontal line.
The 200 day average is violated.
A pullback may be happening as RSI exit the oversold zone and is trying to move higher.
This help help the rise to test the resistance zone and 200 day average.
But sustainability issue may remain till comprehensive breakout above the 2 horizontal line at higher level is crossed.
Swing bottom low horizontal range violated then lower top and lower bottom sequence may continue.
Trend is down and rise is for lower top.
Traders adventurous on long side need to respect the resistance zone.
The 200 day average is violated.
A pullback may be happening as RSI exit the oversold zone and is trying to move higher.
This help help the rise to test the resistance zone and 200 day average.
But sustainability issue may remain till comprehensive breakout above the 2 horizontal line at higher level is crossed.
Swing bottom low horizontal range violated then lower top and lower bottom sequence may continue.
Trend is down and rise is for lower top.
Traders adventurous on long side need to respect the resistance zone.