BUX
We have been seeing a correction following the breakdown of the uptrend for weeks now. Its scale is approaching half of the last downtrend (146,875 is considered a key level). This pattern could develop into a bearish trend-confirming formation, as two smaller upward waves have run their course, so this situation could signal the start of another larger downward wave. This would require a strong bearish candle closing below 140,750. A new downward wave should extend below 137,500.
Resistance levels: 146,875; 150,000; 153,125; 156,250.
Support levels: 137,500; 134,375; 131,250.
