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In our earlier evaluation, we were optimistic when the market reached the 1500 level, resulting in a significant increase of +160%. Our analysis indicates that we are currently experiencing a substantial correction, with expectations for another downward movement to finalize the wave 4 correction. The initiation of this final downward trend is underway, and our confirmation signal will be the break of the red trendline. While there is a slight possibility of a slight upward movement before the breakdown occurs, it is essential to monitor this closely. It is important to highlight that our long-term outlook remains positive, and we are actively seeking potential buying opportunities. Wishing you success and remember to trade cautiously! You can refer to our previously successful analysis below for reference.
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Monthly Chart
