$LUV
Added 2024-01-23 23:38:21 +0000 UTCThis has been a long time coming but this is the first time since June that $LUV has broken above the 200 Day MA and finished the day above this level.
The pull back at the start of the year came exactly to the 0.38 Fib so this suggest to me that it was Wave 4 and we are in Wave 5 now....as long as the price stays above the 200 Day MA.
A long Wave 5 here would be the best case scenario now....so when the ABC pull back comes after Wave 5, the pull back stays above the 200 Day MA and/or the channel.
Great response from $LUV since the lows in October now.
Comments
Captain are we on wave 5 then?
Pierre penasa
2024-02-14 16:32:22 +0000 UTC
