As I mentioned before the index reversed from double top. But the trend is still up. If the trend line cannot support from that point since the momentum is very strong, the index can form a ABCD pattern. or can find support from the lower trend line. All is possible.
fundamentally I see no reason why we can spike up however from TA what I see is an ascending triangle, which can be broken up, hitting the resistance of the rising wedge and then bouncing downwards sometime next year causing a slowdown.
megaphone formation in rsi yet the price action suggests a continuation of a healthy uptrend! difficult chart to play but lucky enuf the stops are real close... how do you trade the whipsaws?
Bist 100 break parallel channel up after hit triple top pattern, and down 5% at fibonacci retracement 0.236 and internal patern 0.145
if this level able to hold bearish movement, 8% bullish target at 114280.29 at end of September.
