The Long Investor
patreon
$HOOD
🕑 Added 2025-04-11 16:52:28 +0000 UTCSo lets look at the $HOOD chart.
Wave 5 completed just above the 2.616 Fib and could not hold above this level.....we then knew it was time to pull back for Wave A.
Wave A sold off sharply and dropped down to the 0.5 Fib, held support and then bounced back up to the 50 Day MA, rejected here and pulled back to a lower low, exactly to the 0.618 Fib below the 200 Day MA at $29.89 and held.
Price has since bounced and moving well, also used the 200 Day MA to propel higher
So all things considered, the ABC correction is complete
There is one wave in this bounce so far, a higher low next onto the 0.5 Fib area at $37 and this could be subwave 2 complete and a good entry point
A new impulse wave would bring the price action to a new ATH.
Comments
sahilpreet Singh
Thank you for this one. Appreciate it.
TommyJR
This is now one of my core 4 .. I've added aggressively.. I agree I think the lows are in
Gareth Neary
Did you buy on support?
Noby
to anyone, can you help me understand starting and end point for rib retrace for the green one?
MLP
Confirmation is in now, after a 40% jump off the bottom?
Jon marconi
beautiful. will wait for this higher low for entry!
Collin
Awesome. Many people have been asking for this. Thanks cap. Not looking to start a position?
