The index appears to be approaching a potential short-term top. The ongoing Wave B structure is most likely unfolding as a Neutral Triangle, given the prolonged time taken by Wave C. Based on the guideline of alternation, Wave D is expected to be sharp and deep, while Wave E will likely mirror the length of Wave A.
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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.