$OSCR has pulled back since hitting the 1.618 Fib and if this is the start of a new impulse wave then we could be seeing a leading edge diagonal forming here (lesson 4) which allows for waves to overlap.
We can see that the 0.618 Fib is at the 50 MA on the 1hr too at $13.30 so this is a confluence level we want to see held, losing this level then I will confirm that the impulse wave has broken down and a retest of $13 or the descending wedge support level is next.
Taylor Howard
2025-03-27 14:29:25 +0000 UTCSid
2025-03-27 14:23:53 +0000 UTC