CART has been accelerating its uptrend.
Now approaching a Golden Genesis fib.
Its Golden sister below was our bouncer.
It is PROBABLE that we get a dip here.
It is PLAUSIBLE to form a significant top.
It is POSSIBLE to Break-n-Retest and go.
====================================
.
Now approaching a Golden Genesis fib.
Its Golden sister below was our bouncer.
It is PROBABLE that we get a dip here.
It is PLAUSIBLE to form a significant top.
It is POSSIBLE to Break-n-Retest and go.
====================================
.
Note
Here is a full view of the Fibonacci series used in the above chart:Simple 1.618 exponents, and the Fib ratios in between.
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.
Trade active
BOOMPERFECT rejection and first target hit.
.
Zoom in (m5)
First support fib trying to hold at $47.32.
But it was pierced so look lower at $45.79.
Let's see what the new week brings to this.
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Trade closed: target reached
Round Trip Complete!WOW, what a roller coaster ride it has been.
Original short entry at red arrow.
Reshorted on second break of golden.
Now looking like $39.20 could be the bottom.
.
Next I will be looking for Long entries.
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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.