NVDA bounce at a KEY level: Golden Fib of its Genesis Sequence
Updated
Plotted here are two different Fibonacci extension sets.
Genesis fibs are from its inception, at first wave of buying.
Covid Stimulus fibs are from the bottom of the virus fear crash.
Golden Genesis fib at 263.81 is the CRITICAL threshold for the bounce.
If we hold that fib, we have a good shot at next Genesis fib at 302.18.
If we fall back below that fib, we will be at serious risk of lower lows.
Snapshot of today's price action on the 30 SECOND chart:
Even after such a long journey,
and violent retreat from up high,
all of humanity stops on a PENNY.
.
Here is a separate Idea with full view of the Genesis Sequence:
Use the "Make it Mine" option under SHARING to make your own copy.
Genesis fibs are from its inception, at first wave of buying.
Covid Stimulus fibs are from the bottom of the virus fear crash.
Golden Genesis fib at 263.81 is the CRITICAL threshold for the bounce.
If we hold that fib, we have a good shot at next Genesis fib at 302.18.
If we fall back below that fib, we will be at serious risk of lower lows.
Snapshot of today's price action on the 30 SECOND chart:
Even after such a long journey,
and violent retreat from up high,
all of humanity stops on a PENNY.
.
Here is a separate Idea with full view of the Genesis Sequence:
Use the "Make it Mine" option under SHARING to make your own copy.
Note
PINGCould this be the ONE?
The Ping to start the next leg?
"Not all Pings start a Reversal, but Most reversals Start with a ping".
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Note
PINGHere we are again at the Golden fib
.
Zoom IN all the way to 1 min
speechless
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Note
So why does this happen? 15 second chart and fib of the "concussion" suffered upon hitting the major golden
So whey does this happen?
Because the Golden Ratio is the fabric of the universe,
and the only "increment" allowed, whether microscopic
like a 15sec chart on a random company stock, or HUGE
like the arms of spiral galaxies, ALL defined by the Golden Ratio
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