The initial move is 5 wave impulsive and hasn't finish yet. The index is going to reverse this week and go through a complex b wave correction. The final (4)th wave and (c) wave target is around 17500.
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Disclaimer
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.