SNDK: Disk Check, Retest or Full Format?

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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

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