Another chart I like is a Biotech ETF, broke down from the wedge and came down to our low at the blue line and has bounced in a structured manner since.
So far it has held an important Fib level at 0.65 and bounced but has been rejected at the 50 and 200 Day MA....but a pull back now to where our Wave 2 is or higher and this should make another attempt at breaking above the 200 Day MA above....then we are into the impulse wave.
I do like what I see here.
Eric J
2023-08-08 03:34:21 +0000 UTCChris
2023-08-07 16:18:25 +0000 UTCJeff Akrawin
2023-08-07 15:06:52 +0000 UTCAdam L
2023-07-28 18:54:44 +0000 UTCTommyJR
2023-07-24 12:19:57 +0000 UTC