Gap in the Rearview MirrorGreat stock and a strong stock with a very long impulse wave up.
It is often easier to draw impulse waves that are this long on weekly or monthly timeframes. It is easier for me to see the beginning of the wave as well.
Fib levels on the way down are marked as possible pull back levels. Price may stop in between two levels as well. Look for a level of support/consolidation.
There is a GAP to the left from a while back. I see consolidation under that gap.
As support levels fail, I set and alert for the next level. As of late I have done this numerous times for some stocks that I like.
My sister wants this one and thinks I am a fortune teller or something. She asked me "Do you think the market will hit bottom by next Friday?" She does not trade.
I am like "probably not. LOL" )o: When everyone is nauseated and thinks there is no hope, maybe we will hit bottom.
No recommendation
Don't forget to look in the rearview mirror.
