Google earnings report due today after close.
Currently testing a key Resistance zone here.
Earnings will say if this level is top or support.
$ 168.17 - 170.00 is the key zone of interest.
$ 177.72 - 179.46 is the next Resistance above.
$ 159.41 - 159.99 is the first good support below.
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Currently testing a key Resistance zone here.
Earnings will say if this level is top or support.
$ 168.17 - 170.00 is the key zone of interest.
$ 177.72 - 179.46 is the next Resistance above.
$ 159.41 - 159.99 is the first good support below.
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Trade active
POPEarnings pop to our high resistance.
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Zoom IN (m3)
PING (exact hit) on the dashed fib at $181.85
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Adding a fib to the earnings bump:
We have a support zone of keen interest.
$ 174.75 - 175.40 is a must hold (if hit).
And a good shield to put Stop Luss under.
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Trade closed: target reached
Pop and DROP (yellow shaded area is from posting time)
PERFECT fib=to-fib moves.
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Zoom in a bit to match last update above:
Key support around $175 was lost.
Now watching our major Cluster.
Genesis fib at $168.17 needs to hold.
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Note
So flipping some zones:Genesis fib at $168.17 reinforced by several others.
This zone is now crucial support for the bigger uptrend.
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Trade active
Still Dropping but Genesis fib trying:Held 2 hits but NOT looking good at all.
Earnings spike may have been a bull trap.
US election tomorrow, so that is not helping.
Probably dip some more before/during event.
But retrace of entire earnings bump a BAD Sign.
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the Trading View is my Nation
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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.