RACE at a Finnish Line? Ferrari new ATH at a Golden Genesis Fib
Updated
Ferrari's latest Earnings report was great news.
Price popped to the Golden Genesis fib at $517.
Look for retrace or break and retest for long entry.
======================================
Price popped to the Golden Genesis fib at $517.
Look for retrace or break and retest for long entry.
======================================
Note
(( PING ))"Ping" = exact ricochet on fib that you can almost HEAR
My rule:
"Not all Pings start a Reversal,
but Most reversals start with a Ping"
Came up strong so reversal unlikely.
So looking for pullback to add shares.
Otherwise Break-and-Retest possible.
===============================================================================================
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.