$FUBO
Added 2023-08-23 13:02:21 +0000 UTCI know a few people are waiting to get in on this because it has pulled back to the 0.618 Fib and its looking to find support now but there is no clear Wave B bounce here, it is in the same situation as $PLTR right now, it showing signs but not confirmation yet.....it is very difficult for even a relief bounce to come right now for many stocks.
I prefer to buy at the end of Wave C and not relief bounces, as they can be quite short.
I have set Wave B here as it is at the 0.38 Fib and around the 200 Day MA, so this is a sensible area to set Wave B, but Wave B only needs three waves to be valid and then it can start its decline again to Wave C.
Comments
thanks!!
JessyyRabbit
2023-08-23 17:23:38 +0000 UTC
