QCOM eyes on $164.00: a KEY support before 150 next floor
Plotted 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".
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