Week MACD remains in a red zone

Hi everyone! Yes despite apparent motion up week MACD remains in a red zone. On the chart it is visible that the previous movement was much stronger down, than growth now. Therefore I consider, it is only correction. Now the price is at resistance 1805 and also crossing of the trend line. Strong resistance is 1825-1835. I expect the movement down to level 1640 which I designated at the beginning of a year.

Information provided is only educational and should not be used to take action in the market.

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