$CELH has lost the $50 level so far but testing the yellow trend line that has been in place since 2021.
Losing this level and the next test is the 0.618 Fib at $38.74.
$CELH is the perfect chart I was referring to on X, we can see that Wave 2 held on the 0.618 Fib, Wave 4 held on the 0.38 Fib
Price pulled back in 3 waves after completing Wave 5 and is in between the 0.5 Fib and 0.618 Fib now.
This is as perfect as you will ever see from a chart.
The 0.618 Fib holding at $38 would be the icing on the cake now.