Whether we are in a corrective flat or zig zag for Wave X, my price targets are $238 or $225. I’m leaning more bearish but the $240/238 seems to be strong demand. I’ll watch price action there and if it fails, will look for a long position with a first price target of $270. The 270 area coincides with a 50% retrace of Wave W for Wave X.
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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.