Use this as a guide to develop your view of the chart.
Main items we can see on the Daily Chart:
a)The main structure is an ascending channel
b)After the price reached the Weekly resistance zone, we saw a huge sell-off on the index.
c) Currently, the price is on a massive support zone
d)From there we expect a pullback to the broken ascending channel
e)From an Elliott Wave perspective, the movement we are expecting is a B wave (correction)
Main items we can see on the Daily Chart:
a)The main structure is an ascending channel
b)After the price reached the Weekly resistance zone, we saw a huge sell-off on the index.
c) Currently, the price is on a massive support zone
d)From there we expect a pullback to the broken ascending channel
e)From an Elliott Wave perspective, the movement we are expecting is a B wave (correction)
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.
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.