$CRWDs fate has been decided, companies have clearly not given them the benefit of the doubt that this was a once off event and the excessive selling continues today, down -12% now.
As I showed on Friday, losing the Wave 4 level at the red line and the 200 Day MA would mean the ABC correction is confirmed and that is confirmed now.
Wave A is desperate for support now, the 0.5 Fib at $244 could be that level, before a relief bounce for Wave B will be next.
Wave C completing under the 0.5 Fib would be attractive to me.
JessyyRabbit
2024-08-03 18:40:51 +0000 UTCKapil Pandey
2024-07-22 18:17:14 +0000 UTC