We calculate the beginning of the bullish cycle from 23 March 2020 to the minimum of the covid crisis up to the visible Double Top of March 2022.
2-year cycle of large upside with an extension between the minimum and maximum points of 256%.
We are well under way to gain momentum towards new RECORDS
The Fibonacci 50% and 61% media area are very effective and well protected solid supports.
Target:
TP (Take profit)
161% for the price of $ 261 (+ 100% approximate)
Two large supports:
S1)
Support 1
between $ 137 $ 145.
On average 100 a week
at 61.80% of the Fibonacci retracement.
S2)
Support 2 $ 117
On average 200 a week
at 50% of the Fibonacci retracement.
LPI.sa
2-year cycle of large upside with an extension between the minimum and maximum points of 256%.
We are well under way to gain momentum towards new RECORDS
The Fibonacci 50% and 61% media area are very effective and well protected solid supports.
Target:
TP (Take profit)
161% for the price of $ 261 (+ 100% approximate)
Two large supports:
S1)
Support 1
between $ 137 $ 145.
On average 100 a week
at 61.80% of the Fibonacci retracement.
S2)
Support 2 $ 117
On average 200 a week
at 50% of the Fibonacci retracement.
LPI.sa