
- Trend = bullish
- Phase = 4 (impulsive)
- Index made a clear inverse head and shoulder pattern.
- after hitting the first take profit @ fib completion -0.27, the index continued pushing through and has hit the second take profit level @ fib completion -0.68
- Completing those two levels might indicate a possible pullback towards the first structure/neckline as the shoulder level has already been retested.