SMH showing the recovery process of the chip sector.
Now testing a well proven zone defined by major fibs.
Golden Genesis fib at $209.43 and Covid fib at $212.82.
Look for a Break-and-Retest a Rejection.
If rejected, look for support at $191.23/85
===================================================
.
Now testing a well proven zone defined by major fibs.
Golden Genesis fib at $209.43 and Covid fib at $212.82.
Look for a Break-and-Retest a Rejection.
If rejected, look for support at $191.23/85
===================================================
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Trade active
Ready to go?(yellow shaded area is from posting time)
.
Zoom in (m8)
We have many PIngs or near-pings on the fibs.
So we can continue to count on all our fibs.
.
What next?
Bulls want shoot for the next fib at $225.79
Might need a retest of Golden Genesis at $209.43
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.
Trade closed: target reached
Wham, Bham, Thankya Mham(yellow shaded is from posting time)
Curved arrow as first expected target.
Hit that plus next two targets for 33% each.
,
Closed position, now waiting for a dip to re-buy.
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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
Related publications
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.
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
Related publications
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.