After the possible head-shoulders identified a few months ago and completed in December, now it seems that the price is trying to rebound and enter the channel between 10900 and 11200 points.
The last obstacle is the resistance of the 10900 (too hard to break up in this moment). The main trend remains strongly bearish and we do not exclude that over the next few months we can see the price break down 10,000 points. On this index the best entry is a short position after the resistance area at 11200 will reject the extension attempt; if this did not happen and the price immediately started to fall, we will try to find the best level to enter the market.
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The last obstacle is the resistance of the 10900 (too hard to break up in this moment). The main trend remains strongly bearish and we do not exclude that over the next few months we can see the price break down 10,000 points. On this index the best entry is a short position after the resistance area at 11200 will reject the extension attempt; if this did not happen and the price immediately started to fall, we will try to find the best level to enter the market.
Join us for further analysis on:
Instagram: www.instagram.com/bfcminvest/
Telegram: t.me/bfcminvest
Facebook Page: www.facebook.com/bfcminvestment/
Web: www.bfcminvest.com