Target is approaching another downturn as we have just finished off the micro wave 4 correction inside the wave 5 down. If we take a look at the top of the macro wave 4 (which is in yellow) we can see I have drawn out the micro wave count of the macro Wave 5 we are in.
The Fibonacci levels fit in with the Wave 2 and Wave 4 corrections inside this downturn. With this being said I see more downside coming for this stock and is a good time to probably get some PUT OPTIONS flowing because we have seen rejection at the .236 rejection pretty heavily
The Fibonacci levels fit in with the Wave 2 and Wave 4 corrections inside this downturn. With this being said I see more downside coming for this stock and is a good time to probably get some PUT OPTIONS flowing because we have seen rejection at the .236 rejection pretty heavily