It's looking like 5 of 5 waves is nearing completion. Retrace to 11.2k or 11.3k and finding support would be mega bullish. However 11.3k bounce could set up a rising wedge for a bigger bear move Fri/Mon, around 11.7-11.8k. 11.2k retrace and support would establish a more healthy and sustainable channel. If it breaks the channel either way, the idea is invalid.
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.
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.