Western Digital - Time to Move Lower

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Let’s take a look at WDC

In previous ideas, we discussed the upside potential - for example here:
WDC - Looking for a Completion Point


Now it’s time to talk about downside risk.

Price is expected to return to the origin of Wave 5.

Preliminary targets:
  • 203 - local correction
  • 169
  • 136


Potential move from current levels: ~37-49%

A similar structure can be observed in STX and SNDK
See other ideas for more details.

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