Sharing my thoughts and observations on UKX. After seeing the "Elliot Wave"-ish pattern form (it is not a true Elliot Wave as Wave 3-4 overlaps into Wave 1-2) I think that retracement back to Fibo 50% of wave 4-5 is complete. Internal divergence @rsi observed between point 5 and X makes me believe that we will see a change in the micro trend to continue its macro trend upwards. I'd aim TP to a confluence point in 7565 and SL just below confluence point 7475.