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This analysis is an update of the analysis you see in the "Related publications" section

An upward move has been added to the previous analysis, and wave b has developed into three parts.

In our view, one more bearish wave c is still remaining, which could complete at Demand Zone 1 or Demand Zone 2. Up to the highlighted green areas, this index still looks bearish to us.

The demand zones in this analysis have been updated, and the invalidation level has also been revised.

Let’s wait and see what happens.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Penafian

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