Just a recap:
Pull back has come back to the 0.618 Fib and the channel breakout level
Held above the confluence level too
Bouncing away from the level too
Golden Cross about to take place this week
Wave 3 is quite high at $365 at the 1.618 Fib level too.
So in terms of Risk V Reward, accumulating around this level for a long term hold would not be a bad idea.
Bercan
2024-10-06 12:52:08 +0000 UTC