Target: 26000
Risk: 24290
Technical reasons:
The index returns to rise after succeeding to achieve our recent negative targets, and it completed bullish pattern that pushes the index to achieve more expected gains, as we are waiting the next target at 25170, and surpassing this level will push to 26000.
The exponential moving averages 50 and 100 support the price from below, while consolidating above 24290 is important to continue the expected rise.
Risk: 24290
Technical reasons:
The index returns to rise after succeeding to achieve our recent negative targets, and it completed bullish pattern that pushes the index to achieve more expected gains, as we are waiting the next target at 25170, and surpassing this level will push to 26000.
The exponential moving averages 50 and 100 support the price from below, while consolidating above 24290 is important to continue the expected rise.