Hello everyone,
There is nothing new in the index price, as we note that it presented new sideways trades with its fluctuation near 18130.00, thus maintaining its stability within the upward path based on the stability of the main ascending channel support extending towards 17859.
We will currently wait for the price to react to the positivity of the Stochastic indicator, which is approaching the 50 level to enable it to form new ascending waves to enable it to overcome the stable obstacle at 18220.00, and then we will wait for it to achieve new historical gains by rushing towards 18340.00 and 18560.00, respectively.
Timeframe: 4H
There is nothing new in the index price, as we note that it presented new sideways trades with its fluctuation near 18130.00, thus maintaining its stability within the upward path based on the stability of the main ascending channel support extending towards 17859.
We will currently wait for the price to react to the positivity of the Stochastic indicator, which is approaching the 50 level to enable it to form new ascending waves to enable it to overcome the stable obstacle at 18220.00, and then we will wait for it to achieve new historical gains by rushing towards 18340.00 and 18560.00, respectively.
Timeframe: 4H
