Earnings out today and the price is -5% in the PM on concerns of rising costs.....not something I am concerned too much about but most importantly, this brings the price action right down to where we have Wave 2 set, at the 0.5 Fib at $34.
I am not fooled by this PM behaviour, I believe my count will play out.
What I would love to see is this come down to the 0.618 Fib or even the yellow/red trend line again and hold, if this can happen, then I will have no choice but to add heavy here because the set up is too attractive to ignore.
Katherine D. Matheson
2023-07-27 17:18:43 +0000 UTCAdam L
2023-07-27 16:12:22 +0000 UTC