Publishing this on the 1hr to show more detail and for my future reference more than others.
But if you find this helpful or have questions, leave a comment below.
Used Fibonacci analysis aligned with price action to apply Fib levels, Fib channels and Fib circles to this chart.
This chart is busy but zoom in as needed for the details; as well, zoom out for the big picture.
But if you find this helpful or have questions, leave a comment below.
Used Fibonacci analysis aligned with price action to apply Fib levels, Fib channels and Fib circles to this chart.
This chart is busy but zoom in as needed for the details; as well, zoom out for the big picture.
Note
1/31/22 Strong price action to the upside.2/1/22 Reviewed the trendlines and fib levels and see we have two (2) powerful patterns in play: Cypher pattern embedded within a Head & Shoulders. Expecting a short-term $13 move and finish the patterns with a $23 move. Posting for future reference.
DYOR and not financial advice. Enjoy every sandwich.
Note
Price up about $2 since my first post. Retraced to circle and expecting a 1.618% extension from the base.Note
Still trending up the circle; the trend is my friend. If price falls out the bottom of the cirlce, may be a good time to take some profit as a 61.8% retrace may be in the cards.Trade closed: stop reached
Fell out of expected pattern; I'm out.
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.
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.