Watching the rejection at the 50 Day MA today on the daily chart. Not a good sign for the bulls but a good sign for us who are looking to add when Wave 2 completes.
If this is a firm rejection of the 50 Day MA from below, we could see a move down to the 0.38 Fib next at $15.88.
Bulls will need to try and recapture this level to save this decline.
Jedi
2023-12-17 15:12:59 +0000 UTCWobbly
2023-12-14 05:40:14 +0000 UTCAbraham Negusse
2023-12-13 20:00:37 +0000 UTC