$SHOP - RC -
Added 2023-10-12 21:59:20 +0000 UTCIs looking very good right here for a few reasons:
1. Wave 4 has pulled back to its standard 0.38 Fib and has so far held.
2. The Wave 4 position was also at the 200 Day MA on the daily chart, so this was a strong confluence level and has so far worked too.
3. Wave 4 did not encroach on Wave 2 and
4. Wave 5 runs up until the end of the year with a lot of the Large and Mega Caps.
I would like to see the price hold above the blue line at $54.50 next.
