The reaction of price to the lastest earnings wasn't positive and it went down a few fib levels.
It was right at the top of the channel and 5 waves since 2022 could be completed.
Alternatively this drop can be wave IV of 5 and we will see one more higher high in the 220$ area.
It was right at the top of the channel and 5 waves since 2022 could be completed.
Alternatively this drop can be wave IV of 5 and we will see one more higher high in the 220$ area.
Note
That was most likely the top, back to the middle of the channel. Low risk buy point is the lower trend line.Note
back to the middle of the channel in only green candles (algorithmic retest from below). If this gets rejected > my target is the 140$ area.Note
Target 137$ for a potential turnNote
140 was probably the bottom
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.