As I predicted, Carvana's price bounced off of the Fibonacci retracement level. One important thing to note is that Carvana has never bounced more sharply off of a Fibonacci level as it just did. This gives a strong indication that this Fibonacci level may have marked a significant bottom. While price may try to retest the level or oscillate downward to consolidate, the underlying currents in the broader market are bullish. While I don't give financial advice, if I were shorting CVNA, I would definitely be taking profit and closing my position. This is a very bullish signal.
See my post here from three weeks ago:
Not financial advice. As always, anything can happen.
See my post here from three weeks ago:
Not financial advice. As always, anything can happen.
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To support my work:
patreon.com/SpyMasterTrades
To subscribe to my YouTube channel:
youtube.com/@SpyMasterTrades
To follow me on X:
twitter.com/SpyMasterTrades
To tip me (BTC wallet):
bc1qvh48429042mdwvdthwlufx072g3ftffcts2q03
patreon.com/SpyMasterTrades
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youtube.com/@SpyMasterTrades
To follow me on X:
twitter.com/SpyMasterTrades
To tip me (BTC wallet):
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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.