Update to my previous analysis of a bigger picture bottom. This plot includes fine tuned zones with relative importance. Trends in this universe can change quickly or slowly or never.
1705-1719 may have been Bottom, but I am not convinced (Yet). 1430-1446 would be Ideal if it is hit and reflects precisely (Ping). 1278-1325 is Bulls Last Stand, next support is much lower (Doom).
2425-2440 is first strong Resistance in a focused but dense zone. 2530-2601 should be a bloody battle zone with many casualties. 2792-2805 is Bears Last Stand, or even the blind will see uptrend.
See some of my other Charts and Trade calls below. I also plot Forex and some Stocks, check my profile page.
Of course, I have had total FAILS on some plots also, not going to pretend. But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
Note
Nice! Hit first resistance and stopped for now
Zoomed in see see the EXACT rejection at the resistance band also note the subsequent bounce and support off the blue fib line
Based on that bounce from the fib, I think we have more upside to come.
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.