The formation of the Rising Wedge is confirmed. Since the index has already breakthrough the Rising Wedge on the upside, therefore it is expected that the index will be moving upward very quickily. The first target is 12000 level.
Alternatively, the breakthrough would not be real and that the index would go downwards. (The possibility of this case being happened is less than 1%). Although the possibility is low, I still hereby show you the diagram with this possible decline.
Alternatively, the breakthrough would not be real and that the index would go downwards. (The possibility of this case being happened is less than 1%). Although the possibility is low, I still hereby show you the diagram with this possible decline.
