Price has formed an expanding wedge
formation on the 4hr chart. This Index created a New ATH
on 25th July and has since been in a bearish
move. We feel the price will complete a retracement to the 38% Fib level before continuing in it current direction towards the 127 Fib Extension. Bias is still Bullish
, and once our current target is reached, this Index could reverse and continue in its Push Up.