Good morning:
The report data seems to destroy the ABC corrective wave, and that definitely initiated a new bearish 5-wave. And to be honest, I don't think 7309 will be a hard support level, so maybe it's time to adjust the target price by a little bit. However, I will certainly close around 50% of my shorts on that level, just to realize the profit. The second target price will be 7229.75, at which I will close another 25% of my shorts. The final target price is certainly below 6628.75, which was the 52 week low. Congrats for following me yall!
Good Luck
The report data seems to destroy the ABC corrective wave, and that definitely initiated a new bearish 5-wave. And to be honest, I don't think 7309 will be a hard support level, so maybe it's time to adjust the target price by a little bit. However, I will certainly close around 50% of my shorts on that level, just to realize the profit. The second target price will be 7229.75, at which I will close another 25% of my shorts. The final target price is certainly below 6628.75, which was the 52 week low. Congrats for following me yall!
Good Luck