VRT eyes on $83.69 for Major support: Golden fib booster?
Updated
VRT looks to be resuming uptrend.
Now retesting a Golden fib at $83.69.
This could be the start of next leg up.
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.
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Zoom IN (m5)
We have a near perfect Fib-to-Fib bounce.
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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.
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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.
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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.
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Trade active
Target #2 HIT for about 22% gains
AND we got past $100 psych level.
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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.
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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.
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Trade closed: target reached
KABOOM
3rd and FINAL target hit, EXACTLY (of course).
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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".
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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.
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CAUTION here: this could be a top for a while.
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