China XLX Testing Downtrend Resistance Slope

4th attempt at breaking upwards from the bold red dashed downtrend resistance slope in progress. The red down arrows indicates previous failed breakout attempts. A successful breakout must clear the mmediate light blue resistance band and will probably meet the following resistances

1. Bold green dual downtrend slope

2. Ichimuko Kumo Cloud

3. Orange resistance zone

Immediate support is the lower blue channel support followed by the pink support belt. A breakdown below 47.5 will probably retest the green support area. Support failure here will resume drop along the lower red channel support.