Touched 50 SMA. Enter zone 1770-1700. Wave 3 consolidation.

OnePointScalp Updated   
NASDAQ:MELI   MercadoLibre, Inc.
Currently at Wave 3 consolidation A-B-C. Touched 50 SMA support. Might dip to Fib .38 at $1703.
First level of support at $1770. If cannot hold, will further to Fib .38 Level. Great entry zone for long term.

Looks like it's a heavy sell off. Might dip to $1,616. Earning tomorrow. Let's see how it behaves.

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