The Long Investor
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$INDA
🕑 Added 2025-02-20 20:26:53 +0000 UTC$INDA is approaching a very important spot now.
I have not changed the count on this chart, we have continued to pull back since hitting my Wave 5 level, so it is important now for the bulls to hold in this ascending wedge or the ABC correction will be confirmed by me
The break down level is at $49 now and the price has already fallen well below its 50 and 200 Day MA and has a Death Cross between the two
The price has also dropped below the bullish green line at $51 which has been in place for the last 3 years.
A drop below $49 and the 0.38 Fib comes into play at $44, followed by a Wave B bounce and then a further decline down to one of the lower fib levels
$INDA was following the US market for the last 2 years but may be showing signs of what's ahead.
Holding $49 and $INDA stays in the ascending wedge and can go higher.
