This is a follow-up to my Big PIcture calling for $489 (click)
High Gravity fib has held us in orbit for 2 months.
Just got a retest on the day of Earnings release.
This could mark the top or start next leg today.
Time of this post is BEFORE the release,
chart will not show results until next day.
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Here is my big picture:
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High Gravity fib has held us in orbit for 2 months.
Just got a retest on the day of Earnings release.
This could mark the top or start next leg today.
Time of this post is BEFORE the release,
chart will not show results until next day.
.
Here is my big picture:
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Note
Well that was a DISASTER Earnings report received very badly
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Zoom in (m1)
Fell so hard it barely stalled at 444/446 confluence,
but bounced with a LOUD Ping on the fib at 399.26,
and we got subsequent Pings on sister fib at 420.46
SUMMARY:
- We may have topped at 489.05 even before earnings.
- Earnings may have been the catalyst to initiate a correction.
- Maybe $400 (399.26) will hold if bulls can flip the fib above.
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Note
Follow up to last snapshot above:Last time we were Ping'ing the Genesis fib at $446.62,
now we are Ping'ing the Covid fib (dashed) at $444.03
Those Pings on the Covid fib hint of a pass to sister fib
Sp we might look for one of these moves: next
Lets see what the next few days bring,
we have a very clear range established,
look for a break+retest or bottom bounce.
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Note
Looking STRONG (follow up to last snapshot):We had scribbled a couple possible pathways.
Northbound one played out nearly as scribbled,
perfect retest of dashed (Covid) fib at $444.03
So looking that that Covid fib and its sisters:
We see a clear reaction at the immediate sister above,
did NOT reach the second sister above that one yet,
so watch for a break of either $462.14 or 480.28
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SUMMARY:
- Earnngs dip has been mostly retraced.
- But this is where downtrend can resume.
- Clear levels of interest, 462.14 and 480.28
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Note
Range from last snapshot above still holding us captive Captive with very precise boundaries defined by Covid fibs (dashed).
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SUMMARY:
- Wwatching the range $462.14-480.28,
- Llooks likely to break the lower bound,
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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
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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.