$ELF - RC -
Added 2023-10-13 14:36:42 +0000 UTC$ELF had a remarkable run from May 2020 at $7 to the 1st of Sept 2023 at $139.
But a pull back was always going to come here, especially after running so high and so fast.
It has now dropped nearly 40% so far and for now I only see one wave in this pull back, so Wave B and Wave C are still to follow.
The 0.618 Fib is the normal pull back level, for now I have set Wave C in between both the 0.5 and 0.618 Fib level.....if this is a stock you like, wait for the bounce to finish and wait for a lower low, below the 0.5 Fib to come in.
Comments
Thank you!
Ray
2023-10-13 14:38:07 +0000 UTC
