I think that SMA20 is the target on a monthly basis and at the same time a resistance. The question is if he can correct 62% Fib at all (Mai?). In addition, the bearish cross Tenkan-Kijun is still active. If I am correct then after that the SMA 100 should be targeted.... as a first target down... on a monthly basis... in the medium term. He will probably fall even lower. In that case my focus is @ 9451.
Note
He did not touch 12212 yet. I still miss about 3 P. ;-).
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