$SE TOP 20
Added 2023-08-11 09:59:50 +0000 UTCThe common level to find support for Wave 2 is the 0.618-0.65 Fib levels, anything below this and there is some weakness.....and it is very obvious that the market itself is that weakness, we are seeing a lot of stocks trying to hold Fib levels below the standard pull back area right now.
This does not mean that the count is invalid or that it is a bad company, it means that it is more influenced by the market than others, Wave 2 is difficult like this, because it is the first real test of its reversal, once Wave 2 holds and moves to the upside, the strength builds.
What we do not want to see here is $SE making a new low.
