Nice bounce off the 200 Day MA and it then hot our Wave C target but we can see that it was met with harsh resistance at our First Target level, which was also a resistance level between Sept and October and also in July.
I have added in the small white Fib levels as potential support levels from this pull back and if these levels are not held....the price may come down to the 200 Day MA again for support.
Losing the 200 Day MA would likely bring this down to the bear case under $1.60
Christian Wacker
2023-11-22 12:46:51 +0000 UTCFrank
2023-11-17 14:28:36 +0000 UTC