The Long Investor
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$BIDU
🕑 Added 2025-03-26 11:34:12 +0000 UTC$BIDU has held support on the 0.5 Fib at $95.46 since pulling back after testing the yellow channel breakout level.
Price action could make another attempt at breaking out of the channel and holding next at $100 and once it holds, I believe our Wave 3 target at $124 is next.
However, I can not rule out a second pull back to the 0.618 Fib at $91.90, where the 50 Day MA is moving too.
If there is a pull back to $91.90 first, then this would offer another great level to add
But to be clear, I believe $BIDU under $100 is a good area to accumulate.
Comments
asce
Hi, The 1.618 and 2.618 fib levels, are those based on the shown wave 1? I have a slight difference with 1.617 at 115.37 and 2.618 at 138.99. Or are you considering the latest higher high as the top of wave 1? As EWT is fractal, do you regularly consider multiple wave counts in the same chart? A potential suggestion, maybe could you please add a very dim lighted trend line for the fib retracements so that we can see the anchor points? Thank you.
Martechnic
DCA β€οΈ
