After printing the A-level, we had a further correction below the 0-level, printing the B-level of the ABC-correction
The index tried to push back higher towards the A-level but did not succeed completely. The index fell back to the B-level, thus printing a double bottom and reacting bullish today on retesting the B-level. This indicates that the will of the bulls to take back power is present and we can foresee a move at least towards the A-level.
If we want to complete the inverse head and shoulders pattern, we should need to revisit the shoulderlevel, followed by an impulsive push higher completing the ABC-correction.
