has recovered up to 1320-1342 resistance area
that we highlighted it several times in our past updates. We also noted that bearish
reversal could be near if we consider a double zigzag
from the low. Well, market fell very sharply in this week through the lower support line of a corrective channel that suggests a completed wave (b). With that said further weakness is now expected down to 1277 low and possibly even to 1240 level.
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