A selling opportunity is currently forming on the index
If we look at the weekly frame, we will find the indicator being the Nen star model, and it also bounced with Ben bar candles at the weekly and also daily level, which suggests the possibility of some bearish corrections.
On the four-hour time frame, a rising wedge has formed, rebounding from the upper border of this wedge, and we expect it to break downward soon.
The targets are respectively at 5070, then 4980, and finally 4820 in the medium term.
This scenario fails with any breach of last week's peak.
