Price currently moving in an uptrend in LTF while making another swing inside a HTF Downtrend channel. And the price aslo has a resistance at 33039 & support at 31846. now if price closes below the support, then it would make a breakout of the uptrend & price might continue pushing down for another swing low respecting the HTF downtrend channel to come down to the next key levels at 31110 or 30447.
However if we see price closing above the resistance, then it could make a breakout of the HTF downtrend channel to continue pushing up to retest the next major resistance at 34200.
However if we see price closing above the resistance, then it could make a breakout of the HTF downtrend channel to continue pushing up to retest the next major resistance at 34200.