ASPI PERSPECTIVE

Very clearly price of ASI respects the resistance formed and also the upper boundary created. Here we are expecting to see a correction leg to the downside inorder to accumulate more buying pressure in the market. This correction may retrace back close or below 50% (FIB) on the recent bullish trend formed.

We are looking over into a possible market correction towards the highlighted key support on the bottom. The following idea may be invalidated after a break above the resistance formed.