$HOOD
Added 2024-10-31 19:26:46 +0000 UTC$HOOD also had a double miss but not to the same extent as $COIN and it is down -16% now.
It is worth remembering that $HOOD ran from $14 to $28 (100%) since August to October....so a pull back is needed and deserved.
The Green Fib levels were already present on this chart before the earnings call, so we knew a pull back would be normal here.
Now we have the levels defined.
Price has held at the 50 Day MA and the 0.38 fib at $23 today, so we could see a relief bounce next for Wave B, followed by a further pull back for Wave C to complete this pull back.
Impulse wave structure is unchanged and Wave 3 remains the target at the 1.618 Fib at $41.
Comments
Gorgeous π
TommyJR
2024-10-31 21:39:17 +0000 UTC
