$NET
Added 2024-04-22 16:57:21 +0000 UTCHow many charts are we seeing like this at the moment?
Charts that bounced extremely well in 3 Waves from the start of November but pulling back with the market now, in spite of the market moving higher over a longer period of time and in 5 waves.
The issue with only bouncing in 3 waves up is that an impulse waves needs to bounce in 5 waves, bouncing in 3 waves means that it is not an impulse wave.
$NET is struggling to hold the Fib levels now and the 200 Day MA at $76 is the last line of defence.....losing this support level and the price action infringes on Wave 1.
