$JMIA continues to move higher in what I see as Subwave 1 of Wave 3.
This Subwave 1 has still not completed as it still has smaller wave 5 to complete, so if you are not in this already, I recommend waiting for Subwave 2 of Wave 3 to pull back before entering.
I have added in the white Fib levels and for this Subwave 2 after smaller wave 5 completes first.
The 0.618 Fib is exactly at the 50 Day MA....making this an ideal level to pull back too before moving higher next.
Adam L
2024-05-17 14:32:08 +0000 UTC