$ONON
Added 2024-06-04 23:14:25 +0000 UTCWe are starting to see the buying pressure cooling down here and it has happened exactly where our Wave 3 target was set.
I have added in the green Fib levels now, which is where I expect Wave 4 to pull back to.
Important to note that the 50 Day MA is exactly at the 0.5 Fib now and I expect it to be at the 0.38 Fib by the time the price action drifts down.....this would be a strong confluence level then and Wave 4 can complete here.
This would be an attractive position to add or start.
