AMZN watch $231.73: Golden Genesis fib to mark a top and dip?
Updated
Show here is a single fib series in three different time-frames.
"Genesis Sequence" is the DNA and growth pattern from birth.
The "Golden" multiples are always the strongest fibs to watch.
It is PROBABLE that we see a pullback here.
It is POSSIBLE that it be a significant TOP.
It is PLAUSIBLE that it breaks and retests.
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"Genesis Sequence" is the DNA and growth pattern from birth.
The "Golden" multiples are always the strongest fibs to watch.
It is PROBABLE that we see a pullback here.
It is POSSIBLE that it be a significant TOP.
It is PLAUSIBLE that it breaks and retests.
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Trade active
BOOM
Pullback EXACTLY as expected from our Golden Genesis.
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Zoom in (m5)
Perfect reactions at the fib with several Pings (exact hits).
There was some exploring of the fib to confirm its location.
Now the ENTIRE world is well aware of that level, $231.73.
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Adding a fib to the dip:
4.236 is the most common wave EndPoint.
So dip might be done, or at least first wave.
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If the dip is NOT done yet
Then we might see an "ABC" correction.
Wave B (rise) could end at any moment.
Wave C (drop) could hit Genesis fib at $210.81.
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SUMMARY:
- Topped exactly where we expected.
- Correction may be done but unclear.
- ABC correction could hit $210.81 fib.
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