the channel lines tilted few degrees down because of the recent drop so the primary wave 5 target to be conservative also dropped a bit. but could easily spike to 7K or 8K. 5256 is the minimum where wave I=wave III so once the market climb above 5.2K one should be alert if you are a short term trader and try to hedge your position
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.