$RXRX - RC -
Added 2023-08-01 15:03:37 +0000 UTCSatisfied that this amber corrective wave completed and ended with a parabolic move and rejected heavily and fell below the blue line too.
When Wave C ends high in a corrective wave, it is normally followed by 5 waves down, likely we are in Wave 2 of this downward movement.
The 50 and 200 Day MA are a good bit down, so support may not come for awhile.
Bulls will want this to reclaim the blue line and hold above to invalidate the red corrective wave.
Comments
this hasnt really been structured at all. Seems like its been a straight down for the last month and a half
NM
2023-09-13 19:08:21 +0000 UTC
