So all eyes are on the 0.618 Fib which is conveniently sitting on the 200 Day MA right now....it is almost too perfect.
The 0.618 Fib is where we love to see Wave 2 completing, this is on a lot of our charts that have performed well after bouncing when hitting this level.
Only issue is if it doesn't hold the 0.618 Fib, it would need to hold on or above the yellow wedge trend line at $12.50
I do not think this is going to be an issue.
makis
2023-07-30 20:53:50 +0000 UTC