The gradual price compression between the bounds of the yellow and green channels continues.
Not so long ago, the market pushed away from the lower green wall, so in the near future, we may well see the growth of the market to the resistance level of 17.15, which is on the upper bound of the yellow channel. If this target level is broken, the way to the upper bound of the green channel and a new resistance level of 18.04 will be opened for bulls.
However, if the bears re-push the price to the lower yellow wall, and then be able to break through it and the support level of 16.46, in this case, we can expect a fairly large downtrend. And perhaps we will see a decline to the level of 14.88.
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