Recently, no significant changes have been observed with this trading instrument. After crossing the lower boundary of the channel, the index began to correct.
It appears that sellers have taken a brief pause before further downward movement.
Additional price declines seem highly probable, as Wave 4 is developing within the emerging upward impulse.
Based on this, sell trades remain the most promising for trading. It is recommended to enter the market when the current local minimum at the level of 20,890 is updated.
Investment idea: SELL 20890, SL 21300, TP 20300.
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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