$IONQ - RC -
Added 2023-11-13 18:49:30 +0000 UTCUp 8% today after holding our Wave C level on the 0.618 Fib.
Since Wave C completed, I believe Subwave 1 then bounced and completed but we are still in Subwave 2 now as I can only see 2 waves so far and there may be one more wave pull back before this can go higher.
We can also see that the 200 Day MA here on he 1hr chart has been acting as a resistance level too, so the bulls still have a bit of work to do.
But they should also be happy that Wave C held at the 0.618 Fib, which is exactly where it should be holding.
Comments
With such a large Wave A drop, yes I would be watching for the 0.78 fib, unless the price can break about the 200 Day Ma now then Wave 2 could be complete
Gareth Neary
2023-11-14 11:02:01 +0000 UTCHey Long Investor, which level would you be watching in IONQ for the Potential Wave 2 bottom? The 0.786 Level?
Christian Wacker
2023-11-14 10:53:15 +0000 UTC
