AVGO eyes on $184.47: Golden Genesis double top? or new ATH?
Updated
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.
.
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
.
So we will watch $169.47 for possible end of dip.
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Trade closed: target reached
BOOM
Another target hit PERFECTLY, wow.
.
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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