Our expectations: D1 Mid-term trend and adjustment to strong support.
Comment: The price corrected to support: 38.2% Fibonacci, up to the horizontal daily level and diagonal support, which is the third trend point.
The price closes above these levels, the long queue of the last bar indicates bullish predominance.
The index reaches from top to bottom 200 Linear Weighted MA, failing to break through.
The Williams Percent Range comes out of the -80% zone, which is a strong signal for promotion.
We will position the entrance upon return of the price to 50% of today’s strong bullish bar, which allows us to move SL further.
Alternative Scenarios: Breakthrough, test, and repulsion will result in numerous short positions.