We may well be at "a top" here in the $260's. Expecting a pullback form here or close by. Marked in green are some dip buying opps.
Drag DOWN on the PRICE scale to see levels above. Use "Make it Mine" under SHARING for your own copy. Hit "Follow" on this Idea to be notified of my updates.
Plotted are THREE different Fib Extension series from different time frames.
1) The "Genesis Fib" that started at $0.86
2) The "Covid Recovery" wave from $45.19
3) The "August Tech Bottom" from $ 187.63
All 3 fibs and their "Interference Pattern" in near term
Lastly a look at target zones above
.
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".
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