Quick post to map some upcoming resistance zones.
The bounce thus far looks to have good "Fib Rhythm".
Rhythm is the first requirement for a sustainable move.
30 cents is obvious and immediate resistance.
31 cents should be achievable unless dead cat.
34 cents would be ideal target for this wave.
27 cents would be strong bull hold.
25.5 is the key support that much hold
23.5 is bulls last stand, below is doom.
.
This is a near term update to my Bigger PIcture map of the bottom:
The bounce thus far looks to have good "Fib Rhythm".
Rhythm is the first requirement for a sustainable move.
30 cents is obvious and immediate resistance.
31 cents should be achievable unless dead cat.
34 cents would be ideal target for this wave.
27 cents would be strong bull hold.
25.5 is the key support that much hold
23.5 is bulls last stand, below is doom.
.
This is a near term update to my Bigger PIcture map of the bottom:
Note
Almost there.Blew through all of the early resistances, gunning for the big one
I am thinking kiss the 4.236 then retrace/consolidate for a while....
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Note
( ( < Ping > ) ) Now lets see if pulls back or not, looks very strong.
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the Golden Ratio is my Religion
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the Trading View is my Nation
the Moderator Tag is my Flag
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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.