$BIDU
Added 2024-05-09 18:26:41 +0000 UTCI am not buying the pull back for Chinese ADRs as complete just yet, it is just too shallow for me and I only see one wave.....I would be more leaning towards Wave 1 still climbing then Wave 2 being complete.
Ideally we want this bounce now to be Subwave B of Wave 2, meaning we will get more leg down to complete Wave 2 where I have shown, on the 50 Day MA and just above the wedge breakout level, between the 0.5 - 0.618 Fibs, making this a strong confluence level.
I am not touching my position here with $BIDU but I will only be adding when Wave 2 completes.
