If the gap-down sustains (consolidates) or breaks the immediate support level with a solid candle, then the correction will likely continue further. This is our basic structure.
Why Do I Mention the Pullback Levels of 23% and 38%?
In this scenario, if the market takes a solid pullback in the initial phase, it could reach those levels. Usually, the trending...
Last Price- 1970
Hope you enjoyed the selling at the tops of 2100
Channel Support at 1950's could support the stock & If drops below 1920-1950 that will be next clue for the stock to do bigger damage.
Happy Trading!!!
Last Idea - Corrective 1st Leg Done at 2120