SMH watch $212.82 above 209.43 below: Proven zone to form Trend

27 apr

SMH showing the recovery process of the chip sector.
Now testing a well proven zone defined by major fibs.
Golden Genesis fib at $209.43 and Covid fib at $212.82.

Look for a Break-and-Retest a Rejection.
If rejected, look for support at $191.23/85

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1 mag

Trade attivo

Ready to go?

(yellow shaded area is from posting time)

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Zoom in (m8)

We have many PIngs or near-pings on the fibs.
So we can continue to count on all our fibs.

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What next?

Bulls want shoot for the next fib at $225.79
Might need a retest of Golden Genesis at $209.43

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19 mag

Trade chiuso: obiettivo raggiunto

Wham, Bham, Thankya Mham

(yellow shaded is from posting time)
Curved arrow as first expected target.
Hit that plus next two targets for 33% each.

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Closed position, now waiting for a dip to re-buy.

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