Correction targets
As this support from about 10750-11150 is not holding, I'm ready to shift from bullish to more bearish short term.
This could be the correction, because parabola is not just a straight way up.
Just have to remember that we haven't made a lower low. (9600, 2nd July).
We might just double bottom and continue the bulltrend.
If 9600 doesn't hold, the next target would be the last consolidation zone. So if the trend is going to have a big correction, I'm looking areas from 8500 to 7200.
I'm not saying the correction can't go lower, but these are my realistic targets.
The correction is healthy and inevitable for the trend.
Don't get too emotional. Make your own investment decisions.
This could be the correction, because parabola is not just a straight way up.
Just have to remember that we haven't made a lower low. (9600, 2nd July).
We might just double bottom and continue the bulltrend.
If 9600 doesn't hold, the next target would be the last consolidation zone. So if the trend is going to have a big correction, I'm looking areas from 8500 to 7200.
I'm not saying the correction can't go lower, but these are my realistic targets.
The correction is healthy and inevitable for the trend.
Don't get too emotional. Make your own investment decisions.
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