We can see on the $BABA chart that the 0.38 Fib overshot slightly to $99.55 yesterday....as did $NIO on its 0.618 Fib
Those that set very tight stop losses are probably not happy this morning if they got triggered
I don't think anyone in this group was caught out doing this.
Like the HSI, $BABA has reacted very well now in the PM and has given us a bounce on the 0.38 Fib, which is standard as you'll get for a Wave 4.
$BABA is top priority for me to add next.
We just have one test and hold so far, a pull back to a lower low and we add
I am also not against adding a smaller percentage today if there is some volatility at the opening, causing the price to pull back and then find support.
Holding above $100 is all we need to see today.
Martin
2024-10-18 11:47:05 +0000 UTCRobin Truth
2024-10-18 09:38:30 +0000 UTC