In this example, we have two Fibonacci Zones which include the following:
$94.04 and $98.25 per share (lower confluence)
$102.40 and $104.18 (mid-confluence)
Price is currently rebounding strongly off the mid-level confluence above $102.00 per share.
Beyond the Fibonacci Retracement Grid above, note the $115.00 per share horizontal resistance level.
If price clears this resistance barrier, look to trade another bullish breakout toward new highs near $130.00.
$94.04 and $98.25 per share (lower confluence)
$102.40 and $104.18 (mid-confluence)
Price is currently rebounding strongly off the mid-level confluence above $102.00 per share.
Beyond the Fibonacci Retracement Grid above, note the $115.00 per share horizontal resistance level.
If price clears this resistance barrier, look to trade another bullish breakout toward new highs near $130.00.
Trade closed: target reached
price hits target today
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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.
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.