QCOM eyes on $164.00: a KEY support before 150 next floorPlotted above are here two different fib series.
Thick lines are of its "Genesis" (at birth) sequence.
Thin lines are the "Covid Stimulus" wave structure.
$ 164.00 is a Golden Fib on the Genesis Sequence.
$ 149.25 is the next stop if we lose the golden fib.
$ 174.11 is the key level above to break and hold.
Here is a snapshot of the Genesis Sequence:
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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess
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