The current market is operating within a converging triangle, with price movements showing repeated fluctuations and a clear characteristic of accumulation. Short-term caution is needed against a deep pullback, with key support levels to watch at 116000 and 115000. If the support holds during the pullback, the bullish structure remains intact, and there is still hope for continued upward movement.
The medium-term target remains unchanged, with the first resistance level set at the previous high of 123300. If a breakout occurs with increased volume, the structure may open up further upside potential, targeting around 132000. The trend still leans bullish, but adjustments in expectations regarding the pace are necessary.
