I've used charts to show things clearly. On Monday, there are two critical levels to watch. The first is 19,560 – a critical resistance point because the Index has been stopped by it many times before. If the Index breaks past this point, it might show a new trend (a change in how prices move). The second level is the low point, which might mean the prices will...
Looking like a Inverted Flag
formation or Ascending triangle formation.
We need to wait for the
Breakout or Breakdown.
Note: This is only for educational purpose.