Please take a look at the chart it's explained very simply.
Komen:
If we break below the March 20th low of 60761.07 we may target the 20% down price at 58306.16, then we may shoot up from around there, otherwise if we break the 0.786 fib. the level at 57404.04 we may keep heading down to level 1 at 54585.56 but first I'll take profit at or around the 20% down price target.
-bare in mind we are dealing with a pullback within a bullish trend highly expected to make it up to around the 80000 record and up may be.
-Sooner I'll attach the upper trend excepected scenario chart.
Penafian
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-bare in mind we are dealing with a pullback within a bullish trend highly expected to make it up to around the 80000 record and up may be.
-Sooner I'll attach the upper trend excepected scenario chart.