Channel breakout

Index is near bottom of orange channel and also near to 1D SMA50

I think it will going to break soon because correction is not over yes

I suppose a final destination of 10% at around 17000

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During corrections usually index will drop to reach the 1D SMA200 (blu line)

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Beware of weekly chart forming out

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I think correction will continue until 1W SMA50 is reached

Right now sma is located at 16101

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Tomorrow next wave down will probably start

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Next days preview

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Index break channel down during past weeks
Now moving again toward upper border that will be around 19200-19300