$EL
Added 2023-10-17 22:44:31 +0000 UTC$EL could be finally ready for a number of a reasons.
1. I can see three clear ABC waves in this correction
2. The Wave C finishes exactly on the 0.78 Fib
3. The 0.78 Fib is also exactly on the Wave 2 low, so this is a strong confluence level
4. The price is at the end of a very tight descending wedge (bullish formation)
5. Fundamentally $EL is strong.
I will be keep on eye on the reversal here.
Earnings are due out on the 1st of November.
