On the daily chart, as per Elliott Wave analysis, price fell from 26,277 to 21,743 in a complex (W)-(X)-(Y)-(X)-(Z) correction. Currently in wave-(Z), a reversal is expected upon its completion, targeting a medium- to long-term move back toward 26,300
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.