Target 1 > 7.8K-7.6K (End of falling wedge + 0.6 fib + WXY correction and maybe extend to 0.7 fib 7.2K value.)
Target 2 > 13.5K (2nd big wave, 1:1.6 Fib)
Stop loss : 7K ( Major Trend line support) If not holds market will be crashing.
Target 2 > 13.5K (2nd big wave, 1:1.6 Fib)
Stop loss : 7K ( Major Trend line support) If not holds market will be crashing.
Yorum:
Target 1 reached. But It is strong bear right now. So can be wait till at 0.7 fib level (7.2K) confluence zone.(If it brakes down @7.6K value) . Good Luck.