OSK heads up at $125.52: long term Double Top? or break to Pop?

Oshkosh Corporation (Holding Company)NYSE

Description

⋅ Apr 3, 2024 1:58 AM

OSK just hit a double-fib at 125.42/52.
Both are Golden ratios (.618 multiples).
Could double top here or break and run.

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"Double Top" as in the previous rejection exactly from this double fib:

Perhaps not exactly a double top since it had gone higher, but a major barrier nonetheless.

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If it breaks the $125 fibs, it could run to $143-145 very quickly:

So this is a key level to watch and consider next actions.

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Comment

⋅ Apr 16, 2024 8:22 PM

Pullback as expected

Zoom in (m15) with some notes

Early, the Ping on Genesis fib tried to go anotehr leg.
but failed and We just bounced with a Ping on a Covid fib.

So we have fresh confirmations of BOTH fibs set,
so our zones dictated by confluences are still good:

We might get a little bounce here, but
we should wait for one of the green supports.

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