$AA - RC -
Added 2023-08-18 17:29:25 +0000 UTCWe are seeing a lot of this at the moment, companies pulling back to complete Wave C of Wave 2....extending down to the 0.78 Fib, as they could not hold the 0.618 Fib due to market weakness.
This is perfectly fine:
In this case, holding the 0.78 Fib at $25.26 would put the impulse wave in a good position.
Losing this level and the weakness is apparent and the price action could come all the way down to Wave B at $11.
