Currently looking at a 50% pullback on the Mid-term Fan which is also the start to a possible Wave 4-5 in the Minor, if expansion doesn't play out then I expect some rejection around the 61.8% (24,110) or the 50% zone (23,861) on the Short-term Fan which opposes the Mid-term trend. If expansion plays out then 88.6% (26,322) on the Long-term Fan is a fair target, or a correction between Mid-term Fan absolute low (19,500) and 61% at (22,000) is at play
Trade closed: target reached:
Played out very nicely.