8035 is looking at a potential reversal to the upside after elliott wave structure suggest that there is an end to the corrective wave structure. As such, we are looking at a potential reversal. Furthermore, the potential inverted head and shoulder is looking at a potential reversal. While the smaller falling wedge has already being broken, indicating first light of the reversal base on price action. Stochastic Oscillator is likely forming an oversold crossover. TP 1 is at 26,700 and TP 2 is at 44,000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.