* The index was trading in a DESCENDING channel but seems the channel is now consolidating in a ascending channel within this descending 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 LONG entries on the INDEX this week should all the rules of the formation be met.
lets see how it goes
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