Kohls reached a ATH at 64.8 and promptly did a A-B-C correction to high 40s. Since then, it is on wave 4 right now, at dual support of 50d EMA and 61.8% Fib retracement. Historically, it has respected 50d & 200d EMAs. I expect this dual support to work. In case it doesnt, expect a reaction from the 200d EMA which is quite close. Target ~ 60
Trade closed: stop reached
The wave was working like bookwork from the 61.8% retracement of 51. But, due to a freakish news, the day ended at the July low. Need to wait for another wave formation
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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.