Not much changes still looking for the bounce, targets adjusted
Here is an updated chart with adjusted targets.
We moved beneath the golden zone at 8400 towards the 0.768 fib level at around 7800, but I am still optimistic for a bounce and nothing much changes for me except targets are adjusted slightly (see chart), and the likelihood of a bounce is even greater now.
If we do bounce then the key area to break for me (around 9750) is the downtrend channel apex, which perfectly aligns with the 0.618 Fib. If we break that level and hold above 10.3k I am extremely bullish. If 7800 doesn't hold, then I think we headed for new lows.
We moved beneath the golden zone at 8400 towards the 0.768 fib level at around 7800, but I am still optimistic for a bounce and nothing much changes for me except targets are adjusted slightly (see chart), and the likelihood of a bounce is even greater now.
If we do bounce then the key area to break for me (around 9750) is the downtrend channel apex, which perfectly aligns with the 0.618 Fib. If we break that level and hold above 10.3k I am extremely bullish. If 7800 doesn't hold, then I think we headed for new lows.
