Came within $0.40c of our Wave 3 target and rejected like clockwork and now moving down to the Wave 4 level, where I expect this to find support before moving higher to complete Wave 5.
Remember, pull backs happen in 3 waves and they do not happen over one or two sessions for a proper Wave 4 pull back, so give this time to complete and find support, it will likely need the 50 Day MA to come up to meet the support level too before going higher next.
swan786
2024-06-06 18:21:14 +0000 UTC