SamSuka
The Long Investor
The Long Investor

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$ABNB TOP 20

So far $ABNB has held support on the 0.38 Fib, just at $136, which is also perfectly on the 200 Day MA on the 1hr chart too.

I believe this will hold and bounce for Subwave B before going lower.

If it does not hold here, then we could see a deeper overall retracement which is good with us too, however, early signs are showing that Wave A is complete now.

$ABNB TOP 20

Comments

Generally 1hr or daily fits better for counts when using the 50 and 200 day MA to find Fib support and resistance levels

Gareth Neary

just for learning, why do you analyze charts by 1 hour and not 4 hour or else? thanks in advance!

Daniel


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