$VSCO has bounced from $16 to $22 since the 11th of March, so now the first wave looks complete and the subwave 2 pull back is expected, this is the most important part of any new potential impulse structure: holding for a higher low.
So I have added in the green support lines and as always we look for a 3 wave pull back to inbetween the 0.5 - 0.618 Fib levels between $18 - $19 to hold.
Once support is held, then we can expect a higher move next, with the next target at the 200 Day MA at $28.
safoo
2025-03-21 20:08:09 +0000 UTCRob
2025-03-21 15:43:21 +0000 UTC