In this example, we have two Fibonacci Zones which include the following:
$94.04 and $98.25 per share (lower confluence)
$102.40 and $104.18 (mid-confluence)
Price is currently rebounding strongly off the mid-level confluence above $102.00 per share.
Beyond the Fibonacci Retracement Grid above, note the $115.00 per share horizontal resistance level.
If price clears this resistance barrier, look to trade another bullish breakout toward new highs near $130.00.
$94.04 and $98.25 per share (lower confluence)
$102.40 and $104.18 (mid-confluence)
Price is currently rebounding strongly off the mid-level confluence above $102.00 per share.
Beyond the Fibonacci Retracement Grid above, note the $115.00 per share horizontal resistance level.
If price clears this resistance barrier, look to trade another bullish breakout toward new highs near $130.00.
Trade closed: target reached:
price hits target today