Plotted are 3 different fib series from different time frames.
The thick Gold and Blue levels are from a very high tf fib series.
The others are local, including one for the last leg up from $185.
$ 265 - 268 would make for a good topping zone.
$ 232 - 233 is a good immediate support to hold.
$ 233.45 Golden fib is a MUST-Hold to keep trend.
For reference, here is the "Big" fib with the thick lines (weekly timeframe):
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
The thick Gold and Blue levels are from a very high tf fib series.
The others are local, including one for the last leg up from $185.
$ 265 - 268 would make for a good topping zone.
$ 232 - 233 is a good immediate support to hold.
$ 233.45 Golden fib is a MUST-Hold to keep trend.
For reference, here is the "Big" fib with the thick lines (weekly timeframe):
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
.
Note
First support tested and trying to bounce Zoom IN (5 min) For a closer look at the Green support zone
BUT it was pierced, which is not a great sign.
Preferably it would have been a PING (exact ricochet).
============================================================================================
.
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
Related publications
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.
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
Related publications
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.