RACE at a Finnish Line? Ferrari new ATH at a Golden Genesis Fib

Ferrari N.V.NYSE

Description

⋅ Feb 2, 2024 3:13 PM

Ferrari's latest Earnings report was great news.
Price popped to the Golden Genesis fib at $517.
Look for retrace or break and retest for long entry.

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Comment

⋅ Feb 8, 2024 4:52 PM

(( PING ))

"Ping" = exact ricochet on fib that you can almost HEAR

My rule:
"Not all Pings start a Reversal,
but Most reversals start with a Ping"

Came up strong so reversal unlikely.
So looking for pullback to add shares.
Otherwise Break-and-Retest possible.

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Support and Resistance Fibonacci

Comments

fxwaleed

⋅ Feb 2, 2024 11:49 PM

The source of all trades. 🔠 you can hear the bell ring when the candle touched the golden level

EuroMotif

⋅ Feb 3, 2024 2:16 AM

@fxwaleed, LOL, Indeed!