A + B waves of ABC correction look like done. Target of C is around 8500 and that level is also target of bear flag that waits to be broken down.
Note
there is possibility we still haven't done the B of this ABC correction. 11200 was only 50% of the 12500-9800 move and while it is possible that it retraces only 50%, 61% is much more common. In that case this last drop to 10100 area was only B of B and we might aim for 11500 area before dropping to low 9000s
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Disclaimer
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.