Long Term Ascending Wedge

16 בנוב׳ 2020

Since the peak in September, 12400 resistance has held, but an ascending wedge is forming. Either 12400 resistance breaks before may 2021, or we are going to have to see some correction, quite possibly a big one, around that time. Up until then, expect a narrowing range on this index, where a significant (and followed through) break of either of these two lines, could result in major moves in either direction.