We are seeing a lot of potential weak Wave B's right now, we can see that $HOOD did bounce on the Amber 0.38 Fib in Feb up to the 0.5 Fib at $55 and has pulled back sharply....the Wave B was also very quick but 3 waves can be seen.
The good news here is that Wave C is likely on its way to completion soon.
With the 0.5 Fib the first target to test for support at $36.
The impulse wave was very controlled, so wait for support to be found before considering a position
I do believe that $HOOD is a great long term hold when support is found for Wave C
Bobby
2025-03-11 00:37:16 +0000 UTCTommyJR
2025-03-10 11:17:53 +0000 UTC