The index has been trapped within a large sideways consolidation where the second leg exceeded the former top
and could potentially drop below the former trough as well.
After that I expect the index to resume its way to the upside ti hit 3000+ area.
and could potentially drop below the former trough as well.
After that I expect the index to resume its way to the upside ti hit 3000+ area.
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3 important levels
Here we have blue arrows with equal distance that hit the area where the diverging lower trendline lies (I used same angle of divergence +/- 8 degrees