In my opinion, this index has started a new upward movement. From Elliott's point of view, it is completing micro wave 5 of the 3 monthly wave. This analysis is confirmed and formalized when it enters correction at the first shown resistance and returns at the first shown support; In this case, the next waves are confirmed with the accuracy shown and the ceiling and floors of this trend are new.
Note: A large number of shares of this index have not yet completed their correction; As a result, in the first correction of this index; These shares will complete their correction and be ready for the next upward movement
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