BUX
Following the new high, the market continues to move within a correction phase. Due to the previous high, the zone between 131,250 and 132,810 serves as an important support level. If the curve can remain above this level, the uptrend may persist, and it could soon break through the thin red trendline to continue higher. If the price breaks through this zone and tests lower levels, it would be much harder for the index to recover from the decline. In this case, there is a higher probability of a lower high forming. As long as the uptrend remains intact, we cannot rule out the possibility of reaching the 150,000 level, which was indicated by the previous trend-confirming pattern.
Resistance levels: 140,625; 143,750; 150,000.
Support levels: 131,250; 125,000; 118,750; 112,500; 106,250; 100,000.
