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Strategies & Market Trends : Humble1 and Swing Trading Friends

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From: humble1	2/22/2023 4:10:12 AM
	Read Replies (11) of 41017

Now we head for the 50 day sma, just 21 points below the 2/21 close. The MACD is diving hard and the RSI is below 50. There was a Fibo completion between the Wings of the W Pattern from 8/16: 8/16/22 -> 10/13/22 = 58 12/28/22 (low close) -> 2/2/23 = 36 58/36 = ~ 1.618 I am counting this as an ABC in progress from 1/3/22: A = 1/3/22 -> 6/17/22 B = 6/17/22 -> 2/2/23 (a running correction) C = 2/2/23 -> 4/6/23 (at .382 of A)

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