Updated

VRT eyes on $83.69 for Major support: Golden fib booster?

VRT looks to be resuming uptrend.
Now retesting a Golden fib at $83.69.
This could be the start of next leg up.

Trade active

BOOM! First major target Hit!

Perfect bounce from our Golden fib to first sister.

For a minimum 13% gain

That assumes entry and exit a little AWAY From the fibs.

.

Zoom IN (m5)

We have a near perfect Fib-to-Fib bounce.

.

Adding a local fib to our bounce:

We have clear reactions at each of the Goldens.
IF it hits local 6.853 at $96.39, expect a reaction.

.

BUT looking at the bigger picture:

Blue Genesis fib at $95.22 is well proven.
So the whole world is watching this level.
What happens here will be very telling.

.

SUMMARY:
- First major target and biggest jump achieved.
- This is a good spot to take some/all profits.-
- If long term sell SOME, if scalping sell ALL here.

===============================================================================

Trade active

Target #2 HIT for about 22% gains

AND we got past $100 psych level.

.

Zoom in (M15) with local fib added:

Crrently at a DOUBLE fib around $102.3x
Just above is a local Golden fib at 104.14
This is also good spot to take some profit.

=================================================================

.

Trade active

Almost hit our 3rd Target for 24%

Zoom IN (m34) with local fib

We may have hit "a top" at $108 ish.
If breaks, then heads up at $109.81.
If dips, first good support at $102.xx.

=================================================================

.

Trade closed: target reached

KABOOM

3rd and FINAL target hit, EXACTLY (of course).

.

Zoom IN (m5)

Perfect PINGs that may have marked a top.
from "Give me a ping Vassily, one Ping only"
Subsequent ping looks to be "lower high".

.

Zoom OUT a bit (m15) and adding a fib to the drop:

We can project a target for dip (green arrows).
And we have invalidation level (red arrows).
So watch $1-08.xx above and $104.xx below.

.

CAUTION here: this could be a top for a while.

=================================================================

.

EuroMotif

the Golden Ratio is my Religion
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.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag