$CVNA - RC -
Added 2023-09-26 14:00:38 +0000 UTCDouble top here for $CVNA, rejected heavily trying to get above the previous high, which we expected as Wave C finished high on the previous high, so a corrective wave follows next.
For the two possible scenarios here, I have them both pulling back to the 0.618 Fib so either outcome will see more decline here and this is not a stock I would consider looking at until it comes back a lot more....we can see that the 200 Day MA is moving up to the 0.618 Fib too....so this is a strong confluence level.
