BUX
Following the break in the upward trend, the third minor wave may already be coming to an end. If the index were to reach another lower swing high within the next few days, this would indicate a sell signal, and a decline would be more likely. In this case, the pattern could develop into a bearish trend-confirming formation. A new downward wave should extend below 137,500. However, if the price exceeds the high reached 4 days ago, that would suggest a new scenario.
Resistance levels: 146,875; 150,000; 153,125; 156,250.
Support levels: 137,500; 134,375; 131,250.
