The index shows no signs of wanting to decline. The recent pause and sellers’ attempts to gain control appear to be part of a minor correction, which resembles a contracting horizontal triangle. This type of wave pattern is most often found in the penultimate position within a sequence, indicating that another upward surge — wave 5 of the current impulse — is likely just ahead. Afterward, a reversal and subsequent decline are expected. For now, this offers a good opportunity to profit from a final upward move. Investment idea: BUY 22850, SL 22650, TP 23400.
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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