Looking at the Daily chart (D1), there is really one important level to watch at on the upside and this level is @ 34'970 !
Why ?
34'970 is the level of Kijun Sen & 50 % Fib retracement of the 41'341-28'600 downside move.
In addition, within the rising wedge formation, yesterday's mentioned in my previous analysis, there is also a triangle formation in progress with breakout being respectively @ 323'230 on the downside and 35'380; a breakout confirmed on a daily closing would be the first warning for a potential move of 2'923 points, targeting respectively roughly 30'300 on the downside and 38'300 on the upside.
Watch shorter time frames to get intermediate clues for validation or invalidation of those formations in progress (rising wedge and triangle !)
Have a nice afternoon.
I enjoy holiday at Cap Ferret (France) :-)
All the best and take care.
Ironman8848
Why ?
34'970 is the level of Kijun Sen & 50 % Fib retracement of the 41'341-28'600 downside move.
In addition, within the rising wedge formation, yesterday's mentioned in my previous analysis, there is also a triangle formation in progress with breakout being respectively @ 323'230 on the downside and 35'380; a breakout confirmed on a daily closing would be the first warning for a potential move of 2'923 points, targeting respectively roughly 30'300 on the downside and 38'300 on the upside.
Watch shorter time frames to get intermediate clues for validation or invalidation of those formations in progress (rising wedge and triangle !)
Have a nice afternoon.
I enjoy holiday at Cap Ferret (France) :-)
All the best and take care.
Ironman8848
