There is no denying that $CVNA looks good here.
Ascending triangle formed here and the top line at $57.75 has been tested 4 times now, rejected 4 times however but continues to make a higher low then.
I also like how the low in November held the 0.618 Fib, which is an impulse wave level hold.
So a break and hold above $58 and the targets are above as shown.
ES B
2024-02-28 21:33:53 +0000 UTC