QQQ Dancing on a High Wire $422.93: Golden Genesis fib and top?=
Updated
QQQ is dancing on a high wire, a Golden Genesis fib at $422.93
Failure here could indicate top is in, so this is a key level here.
Just below is a fib confluence at $418, last stop before SERIOUS dip.
It is PROBABLE that we orbit this fib for a while.
It is POSSIBLE to bounce here and keep going up.
It is PLAUSIBLE a bull trap / distribution is done.
Here is a snapshot of the Genesis Sequence for the Q's:
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Failure here could indicate top is in, so this is a key level here.
Just below is a fib confluence at $418, last stop before SERIOUS dip.
It is PROBABLE that we orbit this fib for a while.
It is POSSIBLE to bounce here and keep going up.
It is PLAUSIBLE a bull trap / distribution is done.
Here is a snapshot of the Genesis Sequence for the Q's:
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Note
Un Oh Just fell thru after a couple of "Pings" from the top side.
"Ping"=Exact ricochet from a fib that you can almost HEAR.
Now that we are below, I will be looking for a Ping from the underside next.
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Note
Back to the "Scene of the Crime" and then some Trip below Golden fib picked up speed
Middle East conflict hurt tech stocks and other high flyers.
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Zoom in (m5)
We see plenty of Pings on all of our fibs,
so now they are all alerted and energized.
Good news for Bulls:
- Dip so far looks corrective and not impulsive
Bad news for Bulls:
- Dip probably not over, so be wary of bounces for now.
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Note
Followup to last snap shot We may have bottomed yesterday at $413.18
Now back to the BIG BOSS golden fib at $422.93
Likely come back a bit, but watch for break soon.
Note
Follow up to last snapshot:We initially got above the Golden fib at 422.93,
but then came a new dip exactly to support at 418.40
then we look to have tested the two fibs around 422 .
Looks like we are good to go,
good to go to new highs that is,
test / retesting appears to be done.
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Trade active
PING
After wandering, we got a LOUD Ping on the Golden Genesis.
That is from "give me a ping Vasilly, One Ping only please".
That ping adds to our confidence in all of the sister fibs.
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So now we ar walking up the Covid fibs
Thus we should be VERY ALERT at $495.25
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