$DIS TOP 20
Added 2024-12-15 12:01:30 +0000 UTCWe can see that the price did not hold the extended 3.618 Fib at $114 on the retest to end the week and is showing a clear trend to the downside with some selling pressure with the market
So a further rejection below the $114 level would confirm we are in the ABC pull back and the 0.5 Fib at $101 remains the target level
The 200 Day MA should be waiting at this level too for the pull back.
Comments
not always, You can get extended impulsive waves in wave 1 or 5, There's a rule that explains that only one of those waves can be larger than wave 3 for it to be considered an extended impulsive wave.
Jose Leon
2024-12-17 03:10:39 +0000 UTCAren't wave 3 the stronger wave? The gap move up would indicate wave 3
slappindabass
2024-12-15 21:51:12 +0000 UTC
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