KLCI index: Has The Rally starting from 17 Mac came to a pulse?

1. on weekly chart we a piercing patter W:P form right at the 50% fibs level

2. on daily, market seems to move sideways for the past 16 days.

3. we also see price making lower high for the past 16 days,

4. Maybe we could see KLCI to make a correction to 38% before continue with the bull run?