* The index was trading in a ascending channel but seems the channel consolidated in a descending channel within this ascending structure. - Short term the index is currently entered the ascending channel on the 4h chart. - There is a supply zone correlating with the 61.8% fib level to look out for on the index which will serve as the 1st target. - Looking for SHORT entries on the INDEX this week should all the rules of the formation be met. * looking for a retest of some sorts to confirm entries on the index.
lets see how it goes
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