META eyes on $568 then 564 for shallow retrace targets
Updated
META hit a Genesis fib at $600 and is retracing.
Ideal dip would be to the red 4.236 at $568.25
Deeper retrace and must-hold fib is at $564.27
Those levels assume a shallow correction.
If it goes deeper than we will recalculate.
But if strong bull, then it will be shallow.
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Ideal dip would be to the red 4.236 at $568.25
Deeper retrace and must-hold fib is at $564.27
Those levels assume a shallow correction.
If it goes deeper than we will recalculate.
But if strong bull, then it will be shallow.
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Trade active
DOING
Almost perfect bounce from the 4.236
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Zoom in (m15)
Currently negotiating with the sister of our target.
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Zoom in MORE (m1)
Nice confirmations of the local fibs
So we can continue to watch them.
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So is the Dip Done? No way to "know"
But we "extrapolate" that it could well be.
Use a "conditional" break of $583.29 to add.
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Trade active
BOOM
Hit our Genesis fib and LAUNCHED to new highs!
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Zoom IN (M15) and add a fib to the bounce:
Just hit local Golden that may end this wave.
So we look for possible dips to Green arrows.
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So that was a 6.88% move in one wave
Scalpers should close most/all of the trade.
Holders should keep holding, sell higher up.
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Trade closed: target reached
Back to the "Scene of the Crime"
Market dip then earnings brought it back down.
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Zoom in (m5) around earnings
Pierced our Genesis fib but now trying to hold.
Looks to ail unless Monday brings strong bulls.
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