Our chart has been going to plan here, we warned of this pull back over the last few months and we have a perfectly formed ABC pull back here, dropping hard with the market but also after losing the 200 Day MA support level ar $66.
Price is just sitting on the 0.38 Fib at $58 but I would be surprised if this is the final support level for Wave C, I would expect a further pull back to the 0.5 Fib at $51,.
Zachary Alpirn
2024-08-10 17:39:11 +0000 UTC