$CELH - RC -
Added 2024-04-01 19:16:43 +0000 UTC$CELH was a good chart for us during its Impulse Wave rise and I believe this too is approaching its upper limits of Wave 5.
Wave 3 hit the 1.618 Fib exactly and pulled back for Wave 4 to the 200 Day MA before moving higher for Wave 5....this has all been textbook
But there has been a strong pull back so far since attempting to reach the 2.618 Fib and the 2 Fib was lost today as a support too.
$82 would need to be converted to a strong support level in order to try and move up to the 2.618 Fib again....if $82 is convincingly lost, then the price action can move down through the amber Fib levels in 3 waves for an ABC corrective count.
