The Long Investor
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$BIDU - WATCHLIST -
🕑 Added 2025-02-05 15:53:01 +0000 UTCOk we have the lower high with a rejection at the 200 Day MA so this should allow the price to drop down to the 0.618 Fib or the 50 Day MA at $85 for a 3 wave pull back.....once support is held then I believe that Wave 2 is complete
So I have added in the 1.618 Fib in this case for Wave 3 and we can see that it aligns perfectly with the blue line $115
A hold at $85 is a clear buy signal for me and something I would be looking at taking advantage of
