Onto Innovation Inc.
更新済

ONTO: Another Higher Low in the Making in this Bullish Cycle?

229
ONTO continues to respect a textbook Higher High (HH) – Higher Low (HL) market structure, keeping its long-term uptrend firmly intact.

One characteristic has repeated throughout this rally:

Every new Higher High has been followed by a healthy pullback into either the Fibonacci Golden Pocket (61.8% retracement) or the Daily EMA89 (Weekly EMA20), before the next bullish leg begins.

The latest rally peaked around 386, and price has now corrected into the first high-probability support zone.

🟢 Bullish Factors

📈 Strong HH/HL Structure
The long-term uptrend remains intact with no break in market structure.

🌀 Golden Pocket Support
Price is currently testing the 0.618 Fibonacci retracement near 295, a level that has repeatedly acted as a launchpad during previous corrections.

📊 EMA89 Dynamic Support
If selling pressure continues, the next major support sits near the Daily EMA89 (≈270), which has consistently supported previous Higher Lows.

🔄 History Repeating
Every meaningful correction during this uptrend has eventually produced another Higher Low before making a fresh Higher High.

🎯 Bullish Scenario
➡️ As long as ONTO continues respecting either the Golden Pocket or the EMA89, I expect buyers to regain control and attempt another rally.

🎯 Target 1: Retest of the recent high around 386.
🚀 Extended Target: A breakout above 386 would confirm another Higher High and continuation of the long-term uptrend.

⚠️ What I'm Watching

👀 Rather than buying blindly, I'll be looking for bullish confirmation around these support levels, such as:

✅ Bullish candlestick reversal
✅ Strong buying volume
✅ Bullish divergence
✅ Reclaim of short-term resistance

If those signals appear near the Golden Pocket or EMA89, the probability of a new Higher Low increases significantly.

❌ Bullish Invalidation

🔴 A decisive weekly close below 239 would weaken the current HH/HL structure and invalidate this bullish outlook.

Until then, I consider the current decline to be a healthy correction within an ongoing uptrend, not the start of a major trend reversal.
ノート
ONTO touches EMA89 and took support for now. Needs to stabilize here before jumping the boat :-D
トレード稼働中
ONTO took support from exact marked levels of 270.
ノート
what an ultimate dip captured
ノート
ONTO should be filling the gap near 290, overall bullish outlook is intact.
ノート
ONTO is filling the gap, Shouldn't break 270 if it has to continue higher.
トレード終了: ストップロスに到達
that is the double bottom now. Shouldn't close below 230
ノート
Needs to close above 300 for bullish reversal.

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