What changes over the past 24 hours? 1) The price makes a false break of the key support 1729.5. 2) After the false impulse an impulse is formed and it continues today 3) Ichimoku turns into the green zone and forms a new ascending breakout 4) The price reaches the 0.618 Fibonacci zone and reverses
What should we expect? 1) Test resistance 1765.5 If the price breaks through and the bulls show some confidence and start pushing the price up, the price is likely to go to 1802 and further to 1869. If the price makes a false-break or bounce from 1765.5, most likely it will fall to 1729.