Broadening wedge formation on the table - a lot of sideways movement within the range of 38,758 and 36,607
Upward momentum will last for a couple of weeks more. The most likely top is 38,758
Starting from second half of June 2025 we may see a start of correction strong, but healthy. Correction/rest bottom is expected in mid July at 37,075 and should not fall deeper than 36,607
Second half of July the index would probably try to climb up to 58,758 with doubtful success.
Upward momentum will last for a couple of weeks more. The most likely top is 38,758
Starting from second half of June 2025 we may see a start of correction strong, but healthy. Correction/rest bottom is expected in mid July at 37,075 and should not fall deeper than 36,607
Second half of July the index would probably try to climb up to 58,758 with doubtful success.
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