AI - The Time Has Come to Go Long - 1.618 Fibonacci Retracement

Updated
snapshot


Opinion only.
Looking for a strong reversal very very soon here.
Trade active
Convergence of regular Fibonacci and trend based Fibonacci from multiple different levels = Extreme conviction bullish trade from here.

snapshot
Note
snapshot

Positive divergence when new low was made off of the fibonacci level. :)
Trade active
AI is down 65% since 12/23/20
snapshot
Trade active
There she is folks. The next Fibonacci support level of 64.50.

Last one for a ways down, so let's hope this one holds.

Next up would be 53ish..

snapshot
Note
snapshot
Note
Area of confluence: Multiple fibonacci retrace levels clustered together when drawn from major high to lows as well as trend-based fibonacci levels from high/low/high.

$65-$60 is the highest area of probability to find support/reversal. (Not guaranteed) just the probabilities.
snapshot
Note
snapshot
1618 Fibonacci ExtensionAIc3Chart PatternsDescending Broadening WedgeHarmonic PatternsQQQSPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer