Plotted here are two different Fib series. Thick lines are of its "Genesis" (birth) fib. Thin lines are the "Covid Stimulus" wave.
Confluence zones of the fibs are of great interest. Pings (exact ricochets) confirm the fibs' relevance. Pings on subsequently higher fibs a good bull sign.
I do NOT research the companies, I just plot the charts. Maybe there was a REASON for crash and it will continue? But if there is a "bottom" anywhere near here, THIS Is it.
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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".
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