ANF has been on a relentless bull run. It has obviously hit "a" top if not "the" top. Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break. $ 103.14-103.14 is the minimum expected retrace. $ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for clues.
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Note
WOW "Small Bounce" zone turned out to be a rocket ship launch pad! .
Zoom In (m1) That is a perfect example of a "Ping", an exact ricochet that you can almost HEAR.
The term comes from Hunt For Red October: "give me a ping Vasilly, One Ping Only"
Thus my enthusiasm for Pings Fell through our support which did try to hold.
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Zoom in (m1) Another bearish Ping on a sister Genesis fib of the top. Each ping alerts and energizes all of the others in the set. Thus we know to watch the next fib below at $166.30 next.
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SUMMARY: - $196.93 was clearly "a" top if not "the" top. - $166.30 is the next possible support to watch.
$166.30 support bounced it (in followup to last update above) Did not actually tap the fib, but came very close. Bounce without touch is a sign of pretty strong bulls, as in bulls did not need to energy of that fib to bounce.
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After the bounce we have some clues: First a Ping on the fib that rejected it last from $176.79 And then a STAB of the sister Genesis fib above at $186.86 So we can remain bullish unless support fails at $176.79
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Zoom out a bit (m15) and looking above we have 3 clear targets/hurdles: $ 196.93 previous top so will be pretty strong resistance. $ 209.37 a minor ratio but next fib is a big jump so might stall. $ 229.49 a GOLDEN could end the wave, take some/all profits.
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SUMMARY: - Sentiment remains bullish unless $177 is lost. - If we continue then we have next 3 targets.
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