Follow up to my big picture calling for 52.8k target (click).
Golden Genesis fib at 52,838 was certainly noticed if not a top.
The most LIKELY scenario is that we orbit this fib for a few days.
But is POSSIBLE that we have topped (for now) so look for supports.
$ 51,208-276 is first support and Strong Bulls would hold it.
$ 50,330-396 is Ideal retrace target to wipe out enough longs.
$ 47,900-48,090 is Critical Support, below which is much doom.
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Golden Genesis fib at 52,838 was certainly noticed if not a top.
The most LIKELY scenario is that we orbit this fib for a few days.
But is POSSIBLE that we have topped (for now) so look for supports.
$ 51,208-276 is first support and Strong Bulls would hold it.
$ 50,330-396 is Ideal retrace target to wipe out enough longs.
$ 47,900-48,090 is Critical Support, below which is much doom.
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Commento:
upper target hit
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watching closely here ==================================================================================================
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Commento:
Proof in the pudding
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EXACT fib-to-fib bounces, like electron valence levels, it MUST seek the next resonance node ==================================================================================================
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Commento:
Here is the full fib from the above snapshot:
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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
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