Tradingplan from 7.5k to 6k plotted.

This should help you trade the retrace.

Plotted by BFT Core Algo 1.6.

7187.5 -> 7500 -> 6872 -> 7187.5 -> 6250 with likely liquidation wicks to 6000.

Looking for more up after 6250-6000 consolidation

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Traders beware.

Support at 6875 is not looking great and in progress of being flipped to resistance.

Could dive straight to 6Ks at which point BFT Core Algo likely will recalculate strength of the support.

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Closed above 6872.5, clear buy signal given.

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Algo says go for 8125