The Long Investor
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$LVMHF - TOP 10 -
🕑 Added 2025-05-14 18:46:42 +0000 UTCPrice is still holding in the bullish descending wedge and above the 0.5 Fib at $573.
There was certainly a battle at the bottom trend line of the wedge but after 1 month of holding, the price has bounced and at $585 now.
Bulls want to see this bounce up to the 0.38 Fib next at $675 and ultimately break out of the wedge and above the 0.38 Fib at $675 and hold....the reversal is then confirmed for us.
The 200 WMA would be the next test at $760.
The downside risk remains the same here, a break down out of the wedge and the standard pull back level for Wave C is the 0.618 Fib at $472.
Comments
Josh.
Thank you, I have been accumulating under the 200WMA
