this whole chart's price action...
crafted a near perfect Fibonacci Geometric/Elliott wave picture.
interesting to draw.
IF 15 becomes a finished 5 wave rally,the Fib retrace zone is down around 10.00-9.00 area
IF the wave pattern has another rally wave left to go, the target zone could be 19.00-20.00 area.
This stock must have made traders a lot of money to catch this bottom zone around 5 dollars.
If I had bought the 4.64 bottom zone I probably would have sold around 9 dollars,certainly by the 13 shoulder zone. 15 is just being greedy.
crafted a near perfect Fibonacci Geometric/Elliott wave picture.
interesting to draw.
IF 15 becomes a finished 5 wave rally,the Fib retrace zone is down around 10.00-9.00 area
IF the wave pattern has another rally wave left to go, the target zone could be 19.00-20.00 area.
This stock must have made traders a lot of money to catch this bottom zone around 5 dollars.
If I had bought the 4.64 bottom zone I probably would have sold around 9 dollars,certainly by the 13 shoulder zone. 15 is just being greedy.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
