While the price is below the resistance 46.50, beginning of downtrend is expected.
We make sure when the support at 36.95 breaks.
If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
While the downtrend #1 is not broken, wave in price would continue.
A peak is formed in at 45.44 on 11/11/2020, so more losses to support(s) 41.70, 40 .00 and minimum to Major Support (36.95) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 54.
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