While this week ended with a higher high, the climb for whole week is only 1.81 (0.69%). Is it losing strength? Or is it consolidating strength for the next push/jump?
Looking at bigger picture, if we do another Fibonacci extension with the recent lower high and higher low, K200 just hit the 100% mark. If base on past moves, this could be its turning point to go down.
However, if we ignore the previous lower high (since it didn't even touch 61.80%), then it still have room to go towards 267-268. Let's see.
On the weekly chart, it looks like it will continue its uptrend move. However, 264.50 seems to be a resistance. Let's see if it can break next week.
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