New record highs again and still going?
Might pull back a bit from here, 5792.00
Then likely to hit Golden Geneis at 5901.08
Be VERY careful here, might be some violence.
=========================================
Might pull back a bit from here, 5792.00
Then likely to hit Golden Geneis at 5901.08
Be VERY careful here, might be some violence.
=========================================
Trade active
DOINGPerfect ricochet off the bottom boundary.
(yellow shaded area is after posting time)
.
Zoom IN (m5)
WOW, absolutely gorgeous reaction off our lower fib.
Price has NEVER been here before.
YET our fibs lit the way into the dark.
Told us to be ALERT here lest we trip.
.
Zoom OUT a bit (m15) plus fib of last leg up:
Dropped to local golden fib at 6805.08
Hopefully we get a little bounce off it.
Then bulls would have a shot at 5792.
.
So do we still have a shot at the Golden Genesis?
That is a "very high gravity" fib.
It "should" continue to pull on us.
But it is possible we have "topped".
==========================================================
Trade active
BOOM(yellow shaded part is from posting time)
Caught that top PERFECTLY.
.
Zoom in a bit (m5) and adding a fib to the dip wave
3 possible targets for first wave of dip:
5678 possible end of first wave
565x double fib should bounce
575x possible final target.
==============================================================
.
Trade closed: target reached
5901 indeed On the hourly, we are stuck in "orbit" of this Golden Genesis.
.
Zoom in (m1)
Several Pings have now made the entire world aware of this fib.
All humans/bots/indi's have recorded this price action in detail.
And that is how fibs become MORE accurate as they are tested.
.
So what now? No way to know, but:
Above 5901 is bullish, below is NOT.
================================================================
.
Note
PINGPerfect retest of our Golden Genesis fib at 5901.
Thus my use of the term "high gravity fib".
Need to achieve "escape velocity" to leave orbit.
================================================================
.
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.