Target reached. Top trend line hit. Bearish crab perfect hit. Drop expected. Claim of yellow channel only hope for continuation. Target price approx 100 (good horizontal support & 0.382 fib)
• 5 high time frame waves up (blue waves) • 5th HTF wave potentially completed with 5 LTF waves (yellow waves) • 1 to 1 extension (lime green lines) • Potential head & shoulders top out pattern being formed • ABC retracement ahead (pink waves) • Based on TA only, I would exit 100% and look for something else.
XVIVO Fibonacci levels and volume analysis. Weekly chart
XVIVO weekly levels w. parallel channel
XVIVO monthly support level zoom
10 minute quick technical analysis on XVIVO. Due to the monetary easing (Corona) and a 12 year bull market, the markets are over heated. The next correction will be brutal. The equity markets in general seems like super high risk to me at the moment, but I trade crypto not equities so don't listen to me ;)
Chart is using Log scale (used for multi year analysis). Respects the fib channel extremely well. www.investopedia.com