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UnknownUnicorn3382580
Jan 19, 2022 6:13 PM

Generac Holdings - time to pullback Long

Generac Holdings Inc.NYSE

Description

We got a five waves down sequence, and with the fib levels applied we may assume a complete impulse.

I do not recommend to trade in isolation from the higher timeframe structure, but in general we may expect at least a corrective set back, that, on a daily frame, seems quite substantial.

On RSI - a divergence is forming between the waves 3 and five, that is also typical for the impulse to be fading away.
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