Nice short position developing. Several confirmation factors. Looking for first target to be in the 640 area.
Looks like the 4hr candle is turning into a dojo star, and according to my EW count looks like the start of wave C of the correction. Since the first wave was a five wave up, wave 2 has to be at least a 50% retracement so my first target is 540ish.
Taking a small long position at 575 and looking to close at 620, then open a short
Closed my previous short for a small profit, and took a small long position @575. First target is 590.
Finishing up part 1 bull rally looking to short the correction. As long as we do not break 480 I will continue to be longterm bullish. Also looks like we are entering into another bull flag, which is good for us bulls.