Price has moved horizontally since my previous short call on this index. The movement has formed into a descending triangle and as we moved into the apex, we might want to look at entries from the descending trendline or the breakdown trendline (2 red down arrows).
A short-term stop loss around 39420 will trigger a review of this idea.
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.