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PII eyes on $59.27: Golden Genesis may give a Dip-to-Fib entry

PII earnings report spiked it into Golden Genesis at $59.27
Looking for a dip to enter on the strength of earnings.
Golden Covid below at $56.59 or green zone around $54

Trade attivo

Dip-to-Fib Indeed!

(yellow shaded area is from posting time)
Earnigs report plus market swoon brought the dip.

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Closer look with notes:

PERFECT reacions at the various fibs.
Rejection from our Golden Genesis was expected.
Subsequence bounce and Reject on zone, PERFECT.

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Zoom in more (m1) on our current bottom

"Imperfect" hold because the fib was penetrated.
But that was a Friday after a marketwide Retrace.
So I took a small long on the Golden Covid fib at $429.25

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Lets see what the new week brings.

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Trade chiuso: obiettivo raggiunto

BOOM times FOUR

Long entry taken per last update above.
Closed 25% at each of 4 TPs for 9% to 24% gains.
Perfect spot to close because it pulled back from it.

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Another PERFECT trade with EXACT entry/exits given by the FIBS.
Hit BOOST and FOLLOW for more such PRECISE and TIMELY charts.
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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Anche su: