$IQ - WATCHLIST -
Added 2024-05-24 11:49:44 +0000 UTCVery strong confluence level coming up for $IQ now.
We can see that the 50 Day MA, the 200 Day MA and the 0.5 Fib all meet at the same level at $4.45 and the price action has just broken below the 0.38 Fib, so the $4.45 level is the area to watch for a hold and bounce.
This is also just on the outside of the wedge breakout level, that the price has stayed within since the start of 2023.
We also have a golden cross now between the 50 and 200 Day MA's too.
A hold here and I'll add to my position.
I am about to catch a flight now, so if this happens and you are waiting for a my buy alert, this won't come today.
You do not need to wait for a buy alert from me to start or add a position, all the information you need is here in the commentary and on the chart.
I have no issue waiting until next week.
