The red around the 2700 level represents a resistance zone where the price has previously struggled to break through. The price is currently testing this area again.
If the price breaks above the resistance level (2700), it could lead to further bullish momentum.
If the resistance holds, the price might pull back to the support level or lower.
The red and green...
The double bottom shows a bullish reversal pattern. This suggests that the price may continue to rise
If the price fails to break this resistance, it could result in a pullback.
