I think the index failed to break down as you can see on the chart.
As long as 4 hour candles keep closing above 27500 then I believe we will see higher prices.
Expectations:
1. Price will rise to the middle of the channel
2. price will rise to 30,000 zone
3. price will stall between 30,000 zone and the middle of the channel, then continue up
best of luck :-)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.