- Tested the trendline and is bouncing
Technical picture remains bearish
If we move to a higher time frame, on the weekly chart the index was capped with multiple tops spread between 24143-24260 levels.
August 11, 2017, low is the key support to bulls, fails to hold could open to the final journey to 20800 it’s corrective A-B-C pattern target.http://www.keytomarkets.com/blog/newsletters/ktm-eq-market-update-ita-40-index-snapshot/