$BIDU
Added 2024-05-10 14:05:02 +0000 UTC$BIDU has not followed the HSI today and is -1.7% down as of writing this which bodes well for our abc Wave 2 move down.
We should be watching to see how the price action tests the 0.38 fib at $107, which is also the same level as a larger 0.618 Fib, failure to hold this level and the price should come down to the 0.5 Fib at $104 and the 50 Day MA should be here waiting for the price action too...making this a confluence level.
A hold here and I will add.
