$AFRM
Added 2024-11-08 16:11:28 +0000 UTCIs down -10% now after reporting a double beat yesterday after the close.
We can see that it has pulled back to the bottom line of this rising wedge, which perfectly aligns with the 50 Day MA so much that you can not even see it under the support line.
So if $AFRM can hold support here at $43 then it can move up to the Wave 5 target for the rest of the year.
A break down.....because a rising wedge is a bearish formation.....then you need to assume that the pull back is underway....and the 200 Day MA would be the target....which is at $35 right now.
