The index is hitting previous targets, with a decline commencing immediately after testing the margin zone. A strong pattern has formed, pointing toward a move to the 1/2 zone from the high.
We are currently positioned between the 1/4 and 1/2 levels.
In reality, there are no actionable signals here. We are monitoring to see which direction the index breaks.
We have reached the previously established target, where we have now stalled. I am remaining on the sidelines for now; while there are higher targets, the probability of a correction is currently high. I am monitoring the situation.
