There is a long and gradual rise, which takes place inside the green and yellow channels. Bulls are firmly fixed above the moving average, which indicates their great strength. With a high probability in the near future, the price increase will continue. Thus, after some time, it is possible for the price to reach the resistance level of 286.92, which is on the upper bound of the green channel.
In case of a break above this level, the bulls may open the way to the following resistance of 317.31 which is on the top yellow wall.
The downward scenario may be implemented if the bears manage to drive the price below the resistance line, that is if we see a break of the support of 258.45. In this case, the market may gradually decline to the lower bound of the green channel and the level of 235.38.
