I'm a quite inexperienced trader. So, I can ask the naif questions :)
What I see is the Support line at 1131. It seems, for my inexperienced eyes, to be a strong Support line. It came since 27/2; 3/3; 4/3; 5/5; 6/5; 7/5; 13/5; 14/5. Can't it be that the 1131 level is the dead end of this descending channel?
I'm asking this because many experienced traders do talk about 11200 or 11000 or even lower levels as the possible end of this descending channel.
What I see is the Support line at 1131. It seems, for my inexperienced eyes, to be a strong Support line. It came since 27/2; 3/3; 4/3; 5/5; 6/5; 7/5; 13/5; 14/5. Can't it be that the 1131 level is the dead end of this descending channel?
I'm asking this because many experienced traders do talk about 11200 or 11000 or even lower levels as the possible end of this descending channel.