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AI - The Time Has Come to Go Long - 1.618 Fibonacci Retracement

551
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Opinion only.
Looking for a strong reversal very very soon here.
Trade ativo
Convergence of regular Fibonacci and trend based Fibonacci from multiple different levels = Extreme conviction bullish trade from here.

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Positive divergence when new low was made off of the fibonacci level. :)
Trade ativo
AI is down 65% since 12/23/20
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Trade ativo
There she is folks. The next Fibonacci support level of 64.50.

Last one for a ways down, so let's hope this one holds.

Next up would be 53ish..

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Nota
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Nota
Area of confluence: Multiple fibonacci retrace levels clustered together when drawn from major high to lows as well as trend-based fibonacci levels from high/low/high.

$65-$60 is the highest area of probability to find support/reversal. (Not guaranteed) just the probabilities.
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StockPickingEnthusiast
1618 Fibonacci ExtensionAIc3Chart PatternsDescending Broadening WedgeHarmonic PatternsQQQSPDR S&P 500 ETF (SPY) Trend Analysis

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1618 Fibonacci ExtensionAIc3Chart PatternsDescending Broadening WedgeHarmonic PatternsQQQSPDR S&P 500 ETF (SPY) Trend Analysis
StockPickingEnthusiast

Aviso legal

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.