I had previously highlighted a potential top around the 100-108k range, with a measured target of around the 75k level. The market did, in fact, drop to around 76k. For now, it's respecting the uptrend channel, and we can expect the market to target 90,000. If those levels are breached, it could push the market above 100,000, with new highs potentially reaching around 125,000, as I mentioned in my earlier article.
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Do what others don’t know, and don’t do what others know.
Disclaimer
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.