$BIDU
Added 2024-09-24 16:26:14 +0000 UTCIt should be no surprise to see that the blue line and the yellow top trend line is where the price action has stopped today, telling us that the market has identified this important support/resistance level.
I have added in the 1.618 Fib extension anyway because if we do get a breakout above $94 then we have a target for Wave 3.....conveniently the 200 Day MA will be waiting at this level, I am not concerned by this, if we can then get a pull back to the blue line at $94 for Wave 4 from above before going higher, then we'll have a well structured impulse wave.
Well done for sticking with this with me.
