$JMIA - RC -
Added 2024-05-09 18:34:49 +0000 UTCThis is for Adam because he's had the patience of a saint waiting for this
He has been correct, this pulled back nicely for Wave 2 and held between the 0.618 - 0.78 Fib above the 200 Day MA, marking this an ideal area to hold for Wave 2.
Bouncing very strong since holding, and broke above the 50 Day MA and the bull case blue line.
We are likely still in Subwave 1 of Wave 3 here too, so when I see a pull back, we can add in the subwave 2 fib support levels but a ball park area to watch for support will be the blue support line.
As long as it stays in this impulse structure, it looks good to continue higher.
Comments
No probs Adam
Gareth Neary
2024-05-09 18:44:25 +0000 UTCThank you! Wow this is exactly where I was hoping it would be on the EW count! Really appreciate you charting it.
Adam L
2024-05-09 18:42:22 +0000 UTC
