$BIDU
Added 2024-05-07 11:33:46 +0000 UTCChinese ADRs are finally pulling back in the PM now and just in time I believe, I get a little on edge when Wave 1's run to strong, I am happy to see this in Wave 3 but not at the start of an impulse wave.
I have added in a potential impulse structure now in green
We can see that the 50 Day MA is in between the 0.5 Fib anf 0.618 Fib and also at the wedge breakout level, making this a strong confluence level, so a retest here and a hold, then we buy, very clear plan here.
So we want to see 3 waves pulling back now as Wave 2 consists of an ABC move.
