Rejected twice now at our yellow line and we can see the PM price action is just resting on the 50 Day MA here on the 2hr Chart. I will leave Subwave 4 as it is, which is just above where the 200 Day MA is.
I am not seeing any reversals in trend, just a healthy pull back before going higher.
For me, these are opportunities to add to positions.
Patrick ONeill
2023-07-18 07:21:55 +0000 UTC