Market structure of the index appears to reveal a slightly downward path of price where price action has reached a short covering price target.
Price action is approaching the center line but needs to be evaluated how it reacts to that price level as there may still be an abundance of buyers to advance the price higher from these levels.
Price action is approaching the center line but needs to be evaluated how it reacts to that price level as there may still be an abundance of buyers to advance the price higher from these levels.
Trade closed: target reached