DAILY SAM TECHNICAL ANALYSIS MONDAY 2 MAR 2020
Updated
SAM HAS MADE AN ABC CORRECTION IN BETWEEN APRIL 2019 AND SEP 2019
@3.9000 PRICE HAS TESTED SEVERAL TIMES FORMING A HEAD AND SHOULDER PATTERN
PRICE HAS BROKEN THE 3.3855 INDICATING A FURTHER DECLINE WITH PROJECTION TARGET:
@ 3.0605 1.618% FIBONACCI EXTENSION WHERE PRICE WILL ENCOUNTER JUN 2016 LOW @ 3.0980 AT THIS POINT PRICE COULD GIVE A POSITIVE REACTION BACK TO 3.9000
BREAK BELOW THE 3.0605 NEXT PRICE PROJECTION:
@ 2.8290 200% FIBONACCI EXTENSION
FURTHER BELOW ON A WEEKLY CHART:
@1.7500 THERE IS A 100% SYMMETRY FROM NOV 2007 AND MAR 2009 AT THIS POINT THE SPANISH BANK COULD GIVE A STRONG POSITIVE REACTION
NOTES:
THE SPANISH BANK HAS FILLED ALL GAPS UNTIL THE 25 JUL 2011,
UNFILLED GAPS BELLO:
25 JUL 2011 @ 7.3015
9 DEC 2014 @ 7.1240
14 APR 2014 @ 68900
RESISTANCE @46820
SUPPORT @3.0980
Note
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