In my view we're still in the bullish cycle started in 2020, my final target is 7440 area.
From that area I expect the beginning of the market bearish cycle.
On the monthly chart we can see an H&S pattern forming and a neckline supporting the bullish trend from 2020, I expect the break of the trendline in the next 3 months my target is 3420 area next autumn.
From that area I expect the beginning of the market bearish cycle.
On the monthly chart we can see an H&S pattern forming and a neckline supporting the bullish trend from 2020, I expect the break of the trendline in the next 3 months my target is 3420 area next autumn.
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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.
