MELI earnings report caused a serious dip. Recovery bounce is now at a critical level. What happens here could start a new trend.
$1965.66 is the exact level of Golden Genesis $2022.23 is a Covid fib above is a backstop. $1906.44 is a Covid fib below and some support.
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Trade active
Proceed about as expected
(yellow shaded part is from posting time).
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Zoom in a bit and some notes:
Red Stripe fib of local wave down, targets 4.236.
Immediate interest is Covid fib at $1906.44 for support.
If Covid fib is lost, we can look for 4.236 at $1811.10.
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