Very large pump and dump here yesterday and AH's and now the price is down -7.5% in the PM.
A pump like this beyond the 3.618 Fib is a red flag for me which is why I said to exercise caution in the chat group yesterday before earnings.
Price is already back down to the original Wave 5 target at the 2.618 Fib
Fib support levels are shown to reflect the ABC pull back levels
The 50 Day MA is at the 0.5 Fib now, so this is the area of interest for us and where I will be watching for a hold and I will re-enter again once I see support confirmation.
Rinse and repeat.
Gareth Neary
2024-11-08 14:17:32 +0000 UTCLuc
2024-11-08 14:17:05 +0000 UTCLennart
2024-11-08 13:09:00 +0000 UTC