Looks like a double bottom forming at 16900. Price seems to be trading sideways in a narrow range between 16800 - 17800. At these levels, the Chinese index looks more attractive in terms of risk and reward. I'll look to buy between 16400 - 16900.
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We're still holding the 16900 levels! Let's see if this level holds. I'll be looking too long if the price holds this 16900 level. If the price consolidates below 16900, cut losses!