The market however then ranged into an X-E wave triangle formation which indicates further action. A break of this triangle would lead us back into 1366.65 resistance. Technically, the best to buy!
We have additional long term confluence ahead due to spanning from 2010 acting as resistance. The in question would also be touching price action for the third time. Implying the fact that we might third confluence
The market is expecting to rally before commencing its downtrend.