The Long Investor
patreon
$HIMS
🕑 Added 2025-03-11 11:17:56 +0000 UTCSome green in the PM now as the market takes a breath before we get JOLTS, PPI and CPI. $HIMS managed to test the $36 level yesterday which is the green 0.618 Fib but with the heavy selling pressure in the market, it was unlikely going to do anything more than this.
I can see a tight descending wedge formed now which is what we want to see leading into support for Wave C on the larger red 0.618 Fib at $29
We will monitor this closely for a breakout of the wedge before reaching $29 but let's be comfortable with a pull back to $29 and the possible end of this corrective wave.
Comments
JCB
Is it possible C could already be completed? I'm asking as a beginner because I'm still trying Lear how the waves work
