While the price is below the resistance 46.50, resumption of downtrend is expected.
We make sure when the support at 38.90 breaks.
If the resistance at 46.50 is broken, the short-term forecast -resumption of downtrend- will be invalid.
A trough is formed in at 38.90 on 10/02/2020, so more gains to resistance(s) 44.15 and maximum to Major Resistance (46.50) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
( ) is 53.
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