$FSR
Added 2023-07-14 18:09:46 +0000 UTCA number of stocks pulling back today and like I said in the Telegram Group, a lot of this is healthy and an opportunity.
$FSR pulled back below our blue line but I am not concerned too much by this, on the daily we can see that the pull back is exactly to the 50 Day MA at $6, which happens to be the 0.5 Fib level too.
We could see a bounce and another pull back, as we know Subwave 2 and Wave 2 have 3 waves in them.
As long as $FSR maintains this structure, the impulse wave remains in control here.
We know now that the 200 Day MA is being respected too and so, if we get a break above this level and it holds above for support, we can confirm the impulse wave, 200 Day MA on the daily chart is at $6.70
Comments
I’m in
Dan G
2023-07-14 18:35:10 +0000 UTC6
Dan G
2023-07-14 18:19:54 +0000 UTCSubwave* 2
Gareth Neary
2023-07-14 18:19:20 +0000 UTCSo 4:85. Cheers.
Dan G
2023-07-14 18:18:41 +0000 UTCWave 2 level is on the chart.
Gareth Neary
2023-07-14 18:17:55 +0000 UTCSo where is a good entry?
Dan G
2023-07-14 18:12:32 +0000 UTC
