5 of 5 complete?
If this isn't a bottom, it's pretty close. 5th wave could extend a bit, but it's at the bottom of the channel. Bounced off 11.7k, which is 50% retrace from Covid bottom and ATH. First target, top of the channel ~12.8k. Stop/loss 11.7k.
Below here, 10.5k is 61.8% retrace from Covid bottom; ~8k would be -50% from ATH. They're very possible, but I doubt it running straight there, from here. Expecting a short summer rally until July/August Opex. More big bear moves around Sept Trip Witch.
Below here, 10.5k is 61.8% retrace from Covid bottom; ~8k would be -50% from ATH. They're very possible, but I doubt it running straight there, from here. Expecting a short summer rally until July/August Opex. More big bear moves around Sept Trip Witch.
Note
Got close enough to target on long and closed it. Missed the short, but looking for some support here for another long. 
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.