Really nice chart here from $HOOD, the ABC pull back finished nicely on the 0.5 Fib and held support at $36.
Since then there has been the start of a new impulse wave, with a series of higher highs and higher lows and moving in 5 counts so far.
Wave 5 looks to complete at the 50 Day MA and the 2.618 Fib at $47, after which we expect an ABC pull back, we need to see a higher low here next, once this is achieved then we can expect $HOOD to move higher again and even move up to the top blue line at $66 again.
Once Wave 5 competes I can add in the pull back levels.
TommyJR
2025-03-28 03:37:24 +0000 UTCZoheb Khan
2025-03-25 18:19:32 +0000 UTC