The rally last week has reached 38% of the preceding sell-off while monthly and weekly trend readings remain bearish. A Triangle is likely to form above 233.76 before another move lower forms a 5th Elliott Wave.
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.
