0% red fib is where yellow EMA should get to by EOW. All goes as planned - should see noticeable high breaking highs of consolidation range. Preferably a small gap up to close on highs (beggars can't be choosers though). Wouldn't be surprised to end the week off the highs, but also wouldn't be surprised to end off making new lows without any crazy dip. I mention the lows since - (notice) white MA (55, low) during a dip / breakdown, low MA tends to bounce off 180 WMA as resistance. Typically I would've expected a 223% up-swing from the original dip, but seeing the neg MFI divergence I'm not so sure. Break above $211.54 & 223% @ $218 is definitely possible. Bearish, but not too bearish. $218 though, bulls are in for a real painfall experience. Green / red fib alignment would be a healthier, predictable, & much less volatile type of dip lol.
Trade fechado: objetivo atingido:
Price even peeks below red 127% fib - I expect to see red 161%.
Price stays in / above red 100% fib (above preferably) - I expect to see green 223% long term
Price stays in / above red 100% fib (above preferably) - I expect to see green 223% long term
Trade fechado: objetivo atingido