Are we starting to see a pattern here now?
Price action completes Wave 5 at a strong Fib level, rejected and now is pulling back.
50 Day MA is lost and Wave A is at the 200 Day MA at the 0.38 Fib....textbook.
I have left the higher 1.618 Fib level on the chart to show where the price action can go after completing Wave C.
Dy
2024-05-28 15:36:46 +0000 UTC