Nuclear stocks have been rising for a while.
This one is testing a key level of resistance.
LowerHigh, HeadShoulders, etc possible here.
Break above should allow uptrend continuation.
Break below would say deeper retrace inbound.
Range bound oscillation could then explode (lol).
$ 18.04 - 18.32 is the upper boundary.
$ 16.05 - 16.15 is the lower boundary.
$ 12.36 - 12.65 is a correction target.
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This one is testing a key level of resistance.
LowerHigh, HeadShoulders, etc possible here.
Break above should allow uptrend continuation.
Break below would say deeper retrace inbound.
Range bound oscillation could then explode (lol).
$ 18.04 - 18.32 is the upper boundary.
$ 16.05 - 16.15 is the lower boundary.
$ 12.36 - 12.65 is a correction target.
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Trade active
BOOMPerfect launch from our zone of interest at $18.xx
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Zoom IN (m55) for a closer look at the launch pad:
Near perfect PING on the dashed fib at $18.25
"Ping" from "Give me a ping Vasilly, One Ping Only".
And my rule:
"Not every Ping starts a Reversal,
but Most reversals start with a Ping".
And this one seems to have started a Reversal.
.
So lets fosus on the dashed fib set:
Many Pings confirm the dashed fibs are in control.
I used Dashed fibs for the "Covid Stimulus" wave.
That wave is from Covid crash bottom in Apr 2020.
.
So using the Covid fibs with local fibs we have:
$ 24.01-24.16 is immediate support to hold.
$ 27.23-27.57 is major Resistance to break.
"Major" because it has a Golden Covid fib.
.
So now we set alerts near those zones.
When hit we can gather more clues.
But that may have been "a" top for a bit.
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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.
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.