$ELF chart is almost identical to the $CELH chart, Double Top followed by a harsh decline down towards the 0.618 Fib
$ELF is still under pressure here, they release they earnings report later after the close so this may be the catalyst to turn this around.
The level that needs to be flipped is the 0.5 Fib at $114 which is also where the 50 Day MA is right now.
A bullish move post earnings could break above this level.....a bearish report and a fall down to the 0.618 Fib at $89 is next.
ِAbdulmohsen
2024-11-26 11:25:56 +0000 UTCDaniel
2024-11-08 14:41:40 +0000 UTC