Bullish View :

After a complex three in wave C down, the Minor-degree trend could have turned up in wave D of the triangle correction as Intermediate wave 4.

The wave D will likely achieve the Fibo 0.618 expansion target at 99.46, in a three-wave structure. (wave D = 0.618 wave B, a common relationship between the same direction waves of a triangle pattern.)

Note: The Index should hold above mid-March low at 94.58, during the entire process of uptrend in Minor-degree wave D.

DX - Daily

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