$TMDX
Added 2025-01-07 14:41:32 +0000 UTCThe 200 WMA remains the cheat code for the market and again evident here.
Price tested the 200 WMA for 5 weeks and then bounced from $64 to $80 today.
In the last update I highlighted the significance of the 200 WMA as potential support here.
Only one bounce (Wave) here so far, so the key as always next will be to wait for a higher low next and when the bounce slows down, we can add the fib support levels, with the aim to hold at the 0.618 Fib.
Moving in an impulse wave now and the target over the next few weeks and months will be $114.
