The trend has not been able to break the resistance from a long time . Several time it has bounced back from the resistance and the bounced back from the supportive zone. Probably it's going to be the same this time.
P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
P.S.- Please feel free to correct me , I'm just a new trader sharing my views.
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Edit- The trend has not been able to break the resistance for a long time now. Several times it has bounced back from the resistance. If the resistance is not broken probably we will be able to see a trend reversal up to the supportive zone.