DOCU bottom in? $122.39 the KEY support or risk drop to 89.49

16 בפבר׳ 2022

Plotted is a single set of Fib Extensions based on the "Impulse".
Golden fibs are the 1.618x multiples acting as "major" landmarks.
Darker Blue fibs are "semi-major" ratios and lighter blue "minor".

$ 122.39 is the current major support just passed.
$ 109.83 is a tired support that will not hold again.
$ 89.49 is the next stop if current golden fib is lost.

.

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".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

.