target is around 6425 but may be wise to limit buy back in around the top trendline(in white) of the weekly descending triangle pattern as it may provide strong support. There's a chance the 1 day 200ma will provide that support so I will likely wait to sell again until I see us flip the 200ma to solidified resistance.
Note
sure enough the top trendline of the weekly descending wedge is indeed providing strong support and now that we have reached the breakdown target from the rising wedge we are seeing a decent bounce...as long as we can close this weekly candle above that top white trendline of the descending triangle on the weekly it should be a very bullish sign indeed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.