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.