$DG has also pulled back to its 0.618 Fib and has dipped slightly below but has recovered well here.
Big test coming up now to stay above its 200 Day MA at $133 and we can see in the PM today that the price is already above its 200 Day MA, so it will need to hold above this level next and start showing movements in an impulse wave, which would be the start of Wave 3.
So far this pull back since March has been as standard as they come for a Wave 2, holding on the 0.618 Fib.
Jack
2024-07-17 13:51:23 +0000 UTC