The market soared about four times from the beginning of this year to now, but the price dropped about 30% in past 3 days. Maybe the short-term top formed. Where will the market drop and where is good to buy again? 1600-1640 may be a good zone to buy and reasons are as follows: 1.The 0.618RET of the rise from 891 to 2760 locates at 1605 level; 2.The 2.618REXT of the rally from 2221 to 2259 locates at 1609 level; 3.The support line works at about 1630 level; 4.A good Demand Zone also works at 1600-1640. So it is good to buy at 1600-1640 when price action gives signals in the PRZ. SL:below 1500 TP1:2058 TP2:2277 and further more
Are you sure we just broke the 2020
Llok like alot of buyers coming in
But I am waiting to in 1650-1700 good luck
AdamHong
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@DanielBela, You are right 1825-1840 is also a good zone,because it is the confluence of 0.5RET and 2.0REXT and it is also a demand zone.But the good buying zone is 1640.
Thank for your attention.Good luck.
Llok like alot of buyers coming in
But I am waiting to in 1650-1700 good luck