The Long Investor
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$BB - RC -
🕑 Added 2025-02-24 13:04:14 +0000 UTCA number of requests have come in for this, likely due to the strong rejection at our Wave 5 level at the blue line at $5.75 and people are looking for confirmation that the ABC correction is next.
So far it is just a strong rejection with one wave down but after such a strong move from $2 to $6, I feel the risk is quite high now and an ABC correction to the amber fib levels next makes sense before it can go higher again.
The 50 Day MA is at the 0.5 Fib now, so this would be an area of interest at $4.
Comments
Matt
This volume is not normal
Matt
How could this be wave 5 if there was almost zero wave 4?
