Pivot (invalidation): 11735.00
Our preference
Long positions above 11735.00 with targets at 11870.00 & 11990.00 in extension.
Alternative scenario
Below 11735.00 look for further downside with 11650.00 & 11570.00 as targets.
Comment
The break above the resistance at 11735.00 triggered an upward acceleration to 11870.00.
The index validated a Broadening formation: a bullish reversal pattern calling for an upturn.
(By Swissquote TRADING CENTRAL)
