After bouncing off triangle support yesterday and the day before, a high probability of completing the upward retracement to around 9k is possible.
There is a possibility of a breakdown, but the risk is slightly lower than if it had rejected support.
Still, keeping a stop under 20 day EMA at 7277 is probably wise.
There is a possibility of a breakdown, but the risk is slightly lower than if it had rejected support.
Still, keeping a stop under 20 day EMA at 7277 is probably wise.