$TMDX
Added 2024-11-22 19:08:39 +0000 UTCSo after this week it is clear that the 0.5 Fib at $94 was a rejection level and we said if this happens then the 0.618 Fib would be tested next, this has also happened now too.
Price is just holding above this level now to end the week.
Support is not confirmed yet but $TMDX bulls will be very happy to see this week end.
I see 5 clear waves down now but it is not confirmed that Wave 5 is complete yet, if $74 does not hold then the next test is the 0.78 Fib at $46.
Bulls will want the 0.618 Fib level to do its job going forward and offer support, if it can then we could see signs of a reversal next.
Comments
Hi Cap, looking for a clarification on the 5 waves down v's an ABC pullback. How do you tell the difference? EG could 1 and 2 be A and B, then 5 waves down for C?
G4Golf
2024-11-23 05:16:35 +0000 UTCHad my first buy today. I think this seems to be an overreaction
Giorgio
2024-11-22 19:22:08 +0000 UTC
