SNDK had a huge run into 2,380.96, so a correction or consolidation here is not surprising.
Price has now broken below 1,945.91, which acted as support multiple times. That level is now the main retest area.
If 1,945.91 rejects, I’m watching 1,509.67 next. That area also lines up with the ideal wave C target in a possible zigzag correction.
If 1,509.67 breaks cleanly, 1,280.00 becomes the next deeper support and probably the lowest ideal area bulls want to defend.
Key Levels
• 2,380.96 = all-time high
• 1,945.91 = broken support / retest area
• 1,509.67 = ideal wave C / zigzag reaction area
• 1,280.00 = deeper support
Clean bull path: zigzag into 1,509.67 and reaction.
Bear path: 1,945.91 rejects and this starts extending lower into an impulse or as a possible 1-2 / 1-2.
Trade safe, trade clarity
Price has now broken below 1,945.91, which acted as support multiple times. That level is now the main retest area.
If 1,945.91 rejects, I’m watching 1,509.67 next. That area also lines up with the ideal wave C target in a possible zigzag correction.
If 1,509.67 breaks cleanly, 1,280.00 becomes the next deeper support and probably the lowest ideal area bulls want to defend.
Key Levels
• 2,380.96 = all-time high
• 1,945.91 = broken support / retest area
• 1,509.67 = ideal wave C / zigzag reaction area
• 1,280.00 = deeper support
Clean bull path: zigzag into 1,509.67 and reaction.
Bear path: 1,945.91 rejects and this starts extending lower into an impulse or as a possible 1-2 / 1-2.
Trade safe, trade clarity
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Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
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More on the TradeDevils Discord discord.gg/p9bjnpwnMc
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Trade Devils University Sensei: tradedevils.com/my-account/?ref=ebquu4
Certified Elliott Wave Analyst Master: t.co/2GQ7uSjJVG?amp=1
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.