$IQ - RC -
Added 2023-04-27 09:58:53 +0000 UTCSignificant pull back over the last 3 years, bringing down the valuation to reasonable levels and improving the fundamentals greatly. It is possible that the bottom is in here and we are watching for a Wave 2 pull back now, I have set the Wave 2 spot at the 0.5 Fib as this is where the 200 Day MA is sitting at now, we know of course that it can still come down to the 0.618 Fib and be valid and this would be normal too.
If it does not hold these Fib levels, it may come down to the blue line which is the previous low or the bottom blue line which would be quite bearish.
