Analysis

Hello! We are in a downtrend from August 16, 2022 to August 19, 2022. We will not go against this trend. Looking at the pattern of the chart, we have a high probability that the market will go up but provided that the vwap indicator as well as the resistance line are forcefully broken by a large green candle and followed by a large green volume. On the other hand, we could also have a continuation of this downtrend if and only if the support line is forcefully broken by a large red candle and followed by a large red volume. Thanks for your attention.