Quick post to map some relevant price zones.
LINK conintues to defy the general market.
Even the pullbacks thus far have been shallow.
But this pullback looks to have fib structure.
$ 2.5000 is an obvious price of interest, too obvious imo.
$ 2.57xx around blue 4.236 will bounce at least, if not turn it.
$ 2.51xx is the max retrace bulls want to see, and a juicy entry.
The Elliott Waves plotted are pure guesses from "EW for Dummies" level of study.
The Fibonacci Zones plotted are Solid and each will cause a reaction to be studied.
Previous LINK analysis:
LNK at Impulse Redux (caught recent top)
LINK $2.7 target plotted (perfect roadmap)
LINK Support/Bounce zones (caught recent bottom)
LINK Breakout Zones plot (caught the breakout)
LINK May 2019 support zones (caught all turns)
LINK $1.46 Bottom Call (caught exact bottom)
LINK conintues to defy the general market.
Even the pullbacks thus far have been shallow.
But this pullback looks to have fib structure.
$ 2.5000 is an obvious price of interest, too obvious imo.
$ 2.57xx around blue 4.236 will bounce at least, if not turn it.
$ 2.51xx is the max retrace bulls want to see, and a juicy entry.
The Elliott Waves plotted are pure guesses from "EW for Dummies" level of study.
The Fibonacci Zones plotted are Solid and each will cause a reaction to be studied.
Previous LINK analysis:
LNK at Impulse Redux (caught recent top)
LINK $2.7 target plotted (perfect roadmap)
LINK Support/Bounce zones (caught recent bottom)
LINK Breakout Zones plot (caught the breakout)
LINK May 2019 support zones (caught all turns)
LINK $1.46 Bottom Call (caught exact bottom)
Comment:
Bouncing between the two zones
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it just might break UP from here! .
Comment:
Looks like I screwed up a bit with the target for wave B. I should have spotted this confluence pointed by the arrows
And in this case it had tight confluence with the Green 2.382 of a fib pushing upwards.
But wave C target still looks good as pictured.
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The 1.236 (blue) is often a rejection point when returning towards the Impulse. And in this case it had tight confluence with the Green 2.382 of a fib pushing upwards.
But wave C target still looks good as pictured.
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