Failure of basic bear trend. Bears should be carful now.

The basic 76 retracements have now failed. This may be the early breaking of the downtrend and we may be in a buy the dip market.

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https://preview.redd.it/3sn2ebw9m0ga1.png?width=1456&format=png&auto=webp&v=enabled&s=7940951a764c80bb09615b3560f0b1d89ebf014c

If we can break over 4200 or hold supports around 4070 these both strongly imply we head to at least 4300. 4400 - 4500 much more probable and a new high (Maybe a nominally higher high relative to 2021 high) is also possible.

Bears need to get under 4000. I am currently short but my target is 4080. 4070 I will probably be long target 4300 - 5000. These seem like viable targets now with us breaking the 76.

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Read full plans here. Basic bear levels failed. - by HoleyProfit (substack.com)

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