Robinhood (HOOD) - Update

We are removing our previous Fibonacci retracement zone.

In our last update on Robinhood, we outlined two Fibonacci retracement zones where we expected the market to terminate its bearish movement and regain bullish momentum in the mid- to long-term.

Our first zone was designed to capture the end of bearish orange wave A. However, this zone was missed by just 5 cents. The Fibonacci retracement zone was defined at:

• 61.8% at $63.48
• 78.6% at $38.95

Robinhood Markets (HOOD) EW-Analysis

Robinhood Markets in a Major Correction On Monday, 20 November 2023, Robinhood established a major bottom and began a long-term impulsive structure within the light-blue cycle. In late 2025, the stock completed this light-blue cycle and transitioned into green wave 1, creating a major cyclical bullish fractal for the overall

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Despite this, orange wave A can now be considered complete, having bottomed at $63.52. From that level, the market regained bullish momentum and began the first impulsive move of a short-term recovery, forming orange wave B.

This development allows us to define a new Fibonacci retracement zone, where we expect the current bullish momentum to fade and orange wave B to complete. From our perspective, this zone represents a short-term opportunity to sell or initiate short positions. The new zone is defined at:

• 50% at $108.67
• 61.8% at $119.29
• 78.6% at $134.42

Within this zone, we expect the market to terminate its recovery phase and complete orange wave B, followed by renewed bearish momentum into orange wave C and toward our second and final Fibonacci retracement zone.

This second zone is located at:

• 61.8% at $63.70
• 78.6% at $39.23
• 88.6% at $24.47

Within this range, we expect the stock to form a long-term bottom, completing the overall corrective structure of orange wave C and green wave 2. If this zone is reached, we consider it a prime opportunity to buy and accumulate the stock for the long term.

If any structural changes occur or if one of our Fibonacci retracement zones is reached and activated, we will update you immediately.

Kind regards,
Monalytics

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