This is a near term update to my bigger picture (click).
New ATH with a surge defying the market.
Into no-mans land between major levels.
Sings of possible blow off top or bull trap.
Last bounce on a major, and I mean MAJOR, level at $159.31
So this surge could well be the result of a HIGH ENERGY fib.
Time of Year and Market Conditions DO favor an upward wave.
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That Golden fib at $158.72 is from Apple's "Genesis" fib:
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The Genesis Fib is the "Birth Impulse" and its Golden Multiples.
The Genesis IMPULSE was the first growth stage from 1981 into 2000 blow off top:
New ATH with a surge defying the market.
Into no-mans land between major levels.
Sings of possible blow off top or bull trap.
Last bounce on a major, and I mean MAJOR, level at $159.31
So this surge could well be the result of a HIGH ENERGY fib.
Time of Year and Market Conditions DO favor an upward wave.
.
That Golden fib at $158.72 is from Apple's "Genesis" fib:
.
The Genesis Fib is the "Birth Impulse" and its Golden Multiples.
The Genesis IMPULSE was the first growth stage from 1981 into 2000 blow off top:
Note
Here we are, the IDEAL bounce point.So we went a little higher than expected but hit resistance and turned sharply
.
Zoom IN (1min) for a closer look at the support zone
Would be nice to get a little bounce here.
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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.
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.