Short term view - MSCI WORLD : The 38% retracement is causing the bounce.
The previous bullish trend has been invalidated, but the level has just been reintegrated. It could be a false signal. The trend is probably still bullish. This will be confirmed by the break above 2,249.70 pts.The next target is at 2,274.00 pts. The invalidation level is below 2,111.80 pts.Arguments :
- The major resistance has been breached.
- The 38% retracement is causing the bounce.
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