The Long Investor
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$CAVA
🕑 Added 2025-03-06 13:11:25 +0000 UTCAnother example of a perfect chart and something that should be studied to see how an impulse wave and corrective wave works, when combined with Fibonacci levels and technical analysis.
5 straight forward impulse waves higher, followed by a corrective wave, and down in 3 perfect waves too.
Wave A held on the 0.38 Fib, bounced for Wave B for a lower high and held under the blue resistance level, and then Wave C followed and sits perfectly on the 0.618 Fib now....for a standard Wave 2 pull back.
If $CAVA can hold support now and even consolidate, then the natural expectation is a move higher again, to recapture the blue lines again.
Comments
Matthew
Looking like she is finding some support here at 0.618
Ragin_Savant
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