For a long time, we have seen market growth within the green and yellow channels. The current structure indicates that after the rebound from the lower yellow bound, the bulls began to push the price to the upper yellow bound. Growth is likely to continue in the near future. Thus, within a few trading days, the target resistance level of 28107, which is on the upper wall of the yellow channel, can be reached.
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An alternative option is a break of the lower green bound near the support level of 27373 and a gradual decrease to the next support level of 26326, which is on the lower yellow bound. We should add this index to our watchlist!
