At the end of April, the price bounced off the resistance line of the ascending channel at point 14026.7. This line was formed in October 2020, at the same time the channel itself began. From the resistance line, the price fell to the support line 13190.6 and tried to break it, but the breakout turned out to be false. Now I expect growth. So my final target is the resistance line 13652.7.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Nice view Lingrid, as always ;) Usually , after fake breakout (resistance or support) , price is moving to a new high/low. So i think its going to a new high now.