$IQ - COTW
Added 2023-07-06 13:18:32 +0000 UTC$IQ making a lower high after its peak shows me that this is in its Subwave 2 now, working its way through its corrective wave and its final wave of wave c to finish at $4.82.
We can see that the 200 Day MA is just between the 0.38 and 0.5 Fib so watch here for support, if it can find support here, this could me that Subwave 2 is complete and it will start reversing for Wave 3 next.
Wave 2 held exactly at the 0.618 Fib, this is not a coincidence, there is support at a very important Fib level.
Comments
I would be tempted yes
Gareth Neary
2023-07-06 14:12:42 +0000 UTCWill you open a position around $4.80, Gar?
Thomas
2023-07-06 13:48:49 +0000 UTC
