$HOOD has been declining since it reported its strong earnings last week.
The decline from $66 to $54 is not due to $HOOD being a bad company, it's that the market front ran the impressive earnings and it is typically difficult for a Wave 5 to stay above the 2.618 Fib without needing a pull back
No changes to the chart here, the amber fib levels reflect a Wave 5 complete.
Interesting to see the 0.618 Fib aligned with the 200 Day MA now at $29, wouldn't that be a nice opportunity.
Piotr David
2025-02-21 01:59:57 +0000 UTCTommyJR
2025-02-21 01:22:01 +0000 UTCKmz
2025-02-20 18:17:43 +0000 UTCJoey Celona
2025-02-20 17:28:41 +0000 UTCbasemint
2025-02-20 17:20:25 +0000 UTCAlex
2025-02-20 17:13:48 +0000 UTCsahilpreet Singh
2025-02-20 17:08:17 +0000 UTC