Will see what happen with this triangle pattern. This kind of triangles with higher highs and higher lows shows bearish signals. Will see if bulls put money on the base of this triangle.
This could be a good point to take long positions
Suport in fibo 50 and pullback to the down trendline and go up again. Come on bulls! Let's see if we can complete this 5 wave. To get that we need a target price between about 78% 100% of the extension of the wave 1.
This pattern could be interesting but it would need a close above 12,190 approx.
Clear divergences in MACD and RSI previously
On my last chart my target for the wave 3 was 10,973 with a corrective wave 4 with target 9,784. Fibo 61.8 As you can see in the updated chart wave 3 reached 11,250 and wave 4 support in Fibo 61.8 At this point we need bulls money to get a completed wave 5
We need to confirm the neck line as support maybe with a pullback and could come a new impulse
If you decide to go long, stop loss in 819