The latest trading session for this index can be considered uneventful. The price essentially remained unchanged, staying at the same level. This is likely how the correction and buyers’ preparation for a decisive push toward the upper boundary of the forming terminal diagonal triangle are developing.
If this interpretation is correct, we should see an upward move in this asset in the near future. Therefore, previously opened long positions are recommended to be held.
Additionally, it is worth considering opening extra long positions in the same direction.
Investment idea: BUY 23500, SL 23350, TP 24450.
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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