After rebounding from the upper trendline, it seems that this index is forming a rising flag, which IMO is a strong indicator for a bearish momentum.
Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000.
Entry position at 40100, Sl at 40600 and TP at 39000
Based on the previous analysis I had done, I anticipate that the price will complete this pattern at 39000.
Entry position at 40100, Sl at 40600 and TP at 39000
Trade active
It is live.Trade closed: stop reached
Stop Loss Hit!
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Disclaimer
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.