1. has been marked on the chart which is indicated by multiple supports/resistances using arrows.
2. drawn on the chart has been tested several times (marked by arrows)
3. kicker has been formed on 2nd Nov 2018 after testing support accompanied with substantial rise in which is a strong reversal sign.
4. has taken several supports at 40 and this time also, it shows reversal from 40 accompanied with kicker as mentioned in preceding point no. 3.
In view of above, it could be a long trade with Stop @ 1198 (below swing low) and immediate target could be 1180 (forthcoming resistance)
Happy trading....Your view points are valuable in cross learning.....