EuroMotif

NTR at risk of A top if not THE top: Major Golden fib at $78.99

NYSE:NTR   Nutrien Ltd
Plotted here is the "Golden Growth" levels from the Covid bottom.
Positive earnings report has pushed price towards next Golden fib.
Based on reactions at golden fibs below, we can expect one here.

It is PROBABLE the we see a pullback from this fib.
It is POSSBILE that it will be a significant top for this.
It is PLAUSIBLE that it blows through it and keeps going.

Most LIKELY is to orbit $79 a few times, before slingshot away.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Pings" (ricochets) to confirm ongoing relevance.

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= Current Example
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
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