ANF has been on a relentless bull run.
It has obviously hit "a" top if not "the" top.
Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break.
$ 103.14-103.14 is the minimum expected retrace.
$ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for clues.
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It has obviously hit "a" top if not "the" top.
Mapped are key areas of interest for entries.
$ 111.65-112.64 is current support, should break.
$ 103.14-103.14 is the minimum expected retrace.
$ 91.53 - 92.54 is the 'Ideal" zone for long entries.
Key is to observe price action at each fib for clues.
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Comment:
Thus my enthusiasm for Pings
"Not all Pings start a Reversal, but Most reversals Start with a Ping"
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Now at a substantial support, see if it holds.
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"Not all Pings start a Reversal, but Most reversals Start with a Ping"
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Now at a substantial support, see if it holds.
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Comment:
Thus my enthusiasm for Pings
Fell through our support which did try to hold.
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Zoom in (m1)
Another bearish Ping on a sister Genesis fib of the top.
Each ping alerts and energizes all of the others in the set.
Thus we know to watch the next fib below at $166.30 next.
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SUMMARY:
- $196.93 was clearly "a" top if not "the" top.
- $166.30 is the next possible support to watch.
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Fell through our support which did try to hold.
.
Zoom in (m1)
Another bearish Ping on a sister Genesis fib of the top.
Each ping alerts and energizes all of the others in the set.
Thus we know to watch the next fib below at $166.30 next.
.
SUMMARY:
- $196.93 was clearly "a" top if not "the" top.
- $166.30 is the next possible support to watch.
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Comment:
$166.30 support bounced it (in followup to last update above)
Did not actually tap the fib, but came very close.
Bounce without touch is a sign of pretty strong bulls,
as in bulls did not need to energy of that fib to bounce.
.
After the bounce we have some clues:
First a Ping on the fib that rejected it last from $176.79
And then a STAB of the sister Genesis fib above at $186.86
So we can remain bullish unless support fails at $176.79
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Zoom out a bit (m15) and looking above we have 3 clear targets/hurdles:
$ 196.93 previous top so will be pretty strong resistance.
$ 209.37 a minor ratio but next fib is a big jump so might stall.
$ 229.49 a GOLDEN could end the wave, take some/all profits.
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SUMMARY:
- Sentiment remains bullish unless $177 is lost.
- If we continue then we have next 3 targets.
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Did not actually tap the fib, but came very close.
Bounce without touch is a sign of pretty strong bulls,
as in bulls did not need to energy of that fib to bounce.
.
After the bounce we have some clues:
First a Ping on the fib that rejected it last from $176.79
And then a STAB of the sister Genesis fib above at $186.86
So we can remain bullish unless support fails at $176.79
.
Zoom out a bit (m15) and looking above we have 3 clear targets/hurdles:
$ 196.93 previous top so will be pretty strong resistance.
$ 209.37 a minor ratio but next fib is a big jump so might stall.
$ 229.49 a GOLDEN could end the wave, take some/all profits.
.
SUMMARY:
- Sentiment remains bullish unless $177 is lost.
- If we continue then we have next 3 targets.
==============================================================================================
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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Zoom In (m1)
an exact ricochet that you can almost HEAR.
The term comes from Hunt For Red October:
"give me a ping Vasilly, One Ping Only"
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