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The price is on bullish market condition for the secondary ranging within the following key reversal support/resistance levels:
- 195.86 resistance level located above 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bullish area of the chart, and
- 174.86 support level located between 100 SMA and 200 SMA on the border between the primary bearish and the primary bullish area.
RSI indicator is estimating the secondary correction with the bearish reversal.
- If the price will break 195.86
resistance level so the bullish trend will be continuing.
- if price will break 174.86 support so reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
- if not so the price will be ranging within the levels.
