The past trading day was relatively calm for the index. After breaking through an important trendline, the price worked on consolidation. Although the rate remained below the indicated level, there is no confidence that the decline will continue.
On the contrary, the situation suggests that the index will attempt to rise. This is due to the development of the corrective Wave 4, which may already be completed or may continue to develop through a small retracement.
In any case, entering buy trades in this situation appears to be a more preferable trading decision compared to selling.
Investment idea: BUY 19450, SL 19200, TP 20000.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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