$HOOD - RC -
Added 2024-01-17 19:15:41 +0000 UTCOn a lot of the charts today I am seeing normal controlled pull backs and rarely seeing any breakdowns in structure....with the obvious exception of NIO, even $BABA is showing a pull back but still working through its Fib levels.
$HOOD is no different, in fact it is showing a very controlled 3 wave pull back here and testing the 50 Day MA now, just below is the 200 Day MA and the 0.618 Fib exactly at $10.
A hold at these levels will mean a move up next, certainly to the blue line again at $12.80.
If we get a hold at $10, then we can count the impulse wave 3 next which would be expected at around $18-$20.
