BUX
Following the corrective wave, the curve is attempting to resume its upward trajectory. This pattern may continue to favor long positions. Of course, it’s worth managing risk using the thin green trendline, which will soon run at the 131,250 level, but as long as the uptrend remains intact, the level around 150,000 may remain a realistic target, as indicated by the trend-confirming pattern.
Resistance levels: 137,500; 140,625; 143,750; 150,000.
Support levels: 131,250; 125,000; 118,750; 112,500; 106,250; 100,000.
