The index continued its slow decline before encountering a level that is significant for buyers. The importance of this level was confirmed by the market’s reaction—decline was sharply halted, and the price reversed upwards, leaving behind a sharp spike.
Apparently, this area marks the second point through which we can draw the lower boundary of a potential diagonal triangle. Thus, we now have reference points for price movement over the next couple of weeks.
In this scenario, buying opportunities can be considered, with the target located at the upper boundary of the pattern.
Investment idea: BUY 23250, SL 22950, TP 24240.
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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