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End of Wave 5 consolidation. Could it bounce off Fib 0.62?
Block, Inc.
Long
End of Wave 5 consolidation. Could it bounce off Fib 0.62?
By OnePointScalp
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Updated
Mar 9, 2021
1
Cheer
Cheer
Mar 9, 2021
Wave 5 retraced to Fib 0.62 $201 key support level. Previous low at $191. Strong support zone $191-$201. 3rd time it touched this zone.
$191-$201 could be a sweet spot to enter for long. Watch for MACD crossover and some nice bullish pattern before entering.
Profit target $240.
Mar 9, 2021
Comment
Missed $201 entry. Flying to the moon.
May 17, 2021
Comment
2nd time for those we want to ride the traing $191.
Elliott Wave
Fibonacci
Support and Resistance
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