$IBM
Added 2024-11-04 19:48:57 +0000 UTCI can not fault this chart, it has guided us perfectly for the last 2 years and has been moving structurally as expected.
Wave 5 may have completed here at the 2 Fib as we have a clear rejection at $235.
I am happy with Wave 4 too as it held exactly on the 0.38 Fib at $166.
50 Day MA has also been lost here and the previous ATH blue line at $206 is being tested now
If this level is lost then the 200 Day MA is likely next at $190
ABC correction levels are in Amber.
