Plotted are three different fib series of 3 different waves.
It is the confluence zones that are of most interest to us.
Currently well below pre-Covid highs, so LOT of room up.
$ 232.22-233.28 is the KEY resistance to break and hold.
$ 246.02-247.32 is the next Minor resistance for first stop.
$ 266.64-271.73 is the MAJOR resistance for taking profit.
It is the confluence zones that are of most interest to us.
Currently well below pre-Covid highs, so LOT of room up.
$ 232.22-233.28 is the KEY resistance to break and hold.
$ 246.02-247.32 is the next Minor resistance for first stop.
$ 266.64-271.73 is the MAJOR resistance for taking profit.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.