$RDFN hit our Wave 5 target and has rejected and pulling back now for what I believe to be an ABC pull back.
Price has already came close to its 0.38 Fib and a bounce for Wave B needs to be confirmed next
I expect a lower low to be made for Wave C next then as shown, with a target at or below the 0.5 Fib to start showing support.
Fairly standard here, so looks good.
Paul Endy
2024-09-30 16:18:55 +0000 UTC