Bottom might be in at around 7150, suggesting fulcrum bottom and reversal to 9000.
Fib 0.866 typical level for reversal (bearish gartley target). Bears running out of steam right now.
Bull:Break above 7800 validates scenario.
Bear: Break below 7100 invalidates scenario.
Full disclosure: I'm long since 7300 and will add to my position upon confirmation.
Fib 0.866 typical level for reversal (bearish gartley target). Bears running out of steam right now.
Bull:Break above 7800 validates scenario.
Bear: Break below 7100 invalidates scenario.
Full disclosure: I'm long since 7300 and will add to my position upon confirmation.