Two scenarios
Firstly, I feel there will be test at 950 level, setting up for a bullish bat pattern, this seems appropriate given the retracement both from point A to C and also B to C leg close to .618 level. But this will be more conservative wait and watch before entering a trade.
Secondly, in the ABCD pattern there is a perfect retracement at .618 level, with the extension expected to test 1070 level on the upside.
Firstly, I feel there will be test at 950 level, setting up for a bullish bat pattern, this seems appropriate given the retracement both from point A to C and also B to C leg close to .618 level. But this will be more conservative wait and watch before entering a trade.
Secondly, in the ABCD pattern there is a perfect retracement at .618 level, with the extension expected to test 1070 level on the upside.
