Now that the market has already started to show its bearish momentum. It failed to break this year's high at 162.6. Hence i presume my count of wave 3 is correct and now i'm anticipating a drop till 158.8 (23.6 retracement) at least for wave 4 and then watch out for any reversal signal. If it breaks through, further support will be at 158.5, 157.8 and 157.4. I plan to go buy deep next week at 157.4 and 156.6 hoping for another good swing for me. The target will be at 164.7 or 165 area.
p/s: still reading Gann related books
0 comments:
Post a Comment