Jul. 23 at 12:06 AM
Watching
$INDI closely here.
On the weekly chart, price is following the expected corrective structure. The stock is now down more than 20% from the Wave B highs and has moved below the 200 DMA.
The key question now is whether this pullback is reaching a potential accumulation zone.
I'm watching the 0.786 Fibonacci support level closely. If buyers step in and volume improves, this area could become the foundation for the next move higher.
Strong trends rarely move straight up. Healthy pullbacks often reset momentum and remove weak hands before another attempt higher.
The 225% Wave 3 target is a technical scenario, not a guarantee. Price confirmation remains the most important factor.
I'll keep tracking
$INDI's reaction at support.
More technical breakdowns and market setups on my profile.
