The bearish move wasn’t that strong. Upside expected but...

Based on the wave count and the time phase proportional factors, we believe the the sub-5 waves of wave 1 of the intermediate phase has been over and as such we are heading for a possible 3rd wave.

Plus the resistance at 30,302 has been tested multiple times and thus it’s weaken.

Should it revert back lower, the possibility of an complex sub wave 2 is possible, and the buying/rebound zone will likely be at 28,000 region. As analyse at my previous few post.

הערה:

Wave 3 is considered invalid. We are now reverting to ending diagonal