$LYFT is getting a very nice 3 wave pull back here after a very strong few months.
We can see that the 50 and 200 Day MA are at the exact same point here just at the 0.38 Fib at $15 so this is a confluence level
Overshooting to the 0.5 Fib or 0.618 Fib is no concern either once support is held.
Chart has not changed but bulls need the higher low now.
Kevin
2024-12-05 20:34:23 +0000 UTC