$NVO is moving to plan here, the 50 Day MA has been lost and there is a clear trend down to the next amber Fib level atv $109 next.
A retest of the 50 Day MA is still possible but a rejection here further confirms our ABC correction projection.
We can also see that and Head and Shoulders pattern has been formed around the Wave 5, again confirming the reversal.
khaled rasmy
2024-10-21 13:05:18 +0000 UTC