$ONON
Added 2024-09-04 14:01:04 +0000 UTCI could not paint a better picture if I had Van Gogh's hand!
The 0.618 Fib is exactly at the First Target level at $40 and the 50 Day MA is here too
Price flushed down to $42 at the opening but the selling may not be complete here, so a move in between the 0.5 - 0.618 Fib and holding could be the sweet spot to add or start a position to catch Wave 5
Support needs to be found first.
Comments
Good point Jeff. Was wondering the same. Well spotted.
DC
2024-09-05 15:46:57 +0000 UTCIt can not be ruled out, we'll know for sure when we see how the $40 level is tested, if it holds then we continue to Wave 5 next....if it struggles with the market and loses $40 then we are into the ABC pull back
Gareth Neary
2024-09-04 14:11:28 +0000 UTCAre you not thinking that the peak at $48 was wave 5 and that we are now in an ABC? Hopefully not, because I am still holding from $29/30!
Jeff O
2024-09-04 14:09:43 +0000 UTC
