Broadcom Inc.Updated AVGO eyes on $184.47: Golden Genesis double top? or new ATH?
Chips at key levels, AVGO a good example.
Golden Genesis fib marked the recent peak.
This test could make or break the whole trend.
$ 184.47 is the key level of interest.
$ 167.98-169.46 is the first support below.
$ 205.77-211.17 is next major barrier above.
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Golden Genesis fib marked the recent peak.
This test could make or break the whole trend.
$ 184.47 is the key level of interest.
$ 167.98-169.46 is the first support below.
$ 205.77-211.17 is next major barrier above.
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Trade active
BOING (yellow shaded area is from posting time)
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Zoom in (m5)
Notice the many "Pings" on the Golden fib.
PING from "Give me a Ping Vasilly, One Ping Only"
All humans/bots/indi''s have recorded those pings.
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And THAT is how fibs are found even by the blind.
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Zoom OUT a bit (m15) and add a fib to the dip:
Red strip fib is of the dip this far.
4.236 is always a good first guess.
And with confluence, $169.46/47
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So we will watch $169.47 for possible end of dip.
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Trade closed: target reached
BOOMAnother target hit PERFECTLY, wow.
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And we got a pretty good bounce
Now at local 1.618 which might end bounce.
So we watch $178.47, expecting a dip in small tf.
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Note
WOW, what a Fibnastics Routine(yellow area is from posting time)
Cloaser look at the PINGs
PING from "give me a ping VAsilly, One Ping Only".
PING like a sound you can almost HEAR off the chart.
PING reversal is the best time for entry/exit decisions.
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Zoom in (m1)
Thus my respect for "Golden Genssis" fibs.
After many touhces, still creating LOUD Pings.
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SUMMARY:
- Our fibs are Spot-On in all timeframes.
- Golden Genesis at $184.47 still the key
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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
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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.