As you can see in the chart, we have four bullish trendlines that have contained almost all the price action since the beginning of 2013.
During this time, the price has never gone above the upper line or below the lowest line.
Every time it reaches the middle lines, on the other hand, the price encounters a resistant or supportive force, causing a pause in price movement or a reversal.
This time, too, we could see a reaction from this zone, but we should wait and see if it's going to break above the line or reject from it.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
During this time, the price has never gone above the upper line or below the lowest line.
Every time it reaches the middle lines, on the other hand, the price encounters a resistant or supportive force, causing a pause in price movement or a reversal.
This time, too, we could see a reaction from this zone, but we should wait and see if it's going to break above the line or reject from it.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
