$ADYEY - RC -
Added 2024-01-18 16:09:06 +0000 UTCPerfect bounce on our Wave C level and has bounced very aggressively and very similar to $SQ.
Rejected twice now trying to get above the 200 Day MA so it may be time to pull back to complete Wave 2 here which is not a bad thing and will help give an entry point to those who want to add or start a position if they missed the run.
We can see on the $SQ chart that it is pulling back in a controlled manner so I expect the same here.
The white fib levels will be what we will be watching now for a pull back, as always, aiming between the 0.5 - 0.618 Fib for a full 3 wave pull back is the aim here.
