1. If downward breakout happens from the green line, stop loss should be activated on 410. New buyers would enter the area (support zone) between 370-390 so it could push it to the resistance 470 and 490. If these are broken 550 is the new high.
- RSI indicator shows us 46 level is supported zone.
2. Another Scenario is the upward breakout from the green line and the new targets are as the same as above.