mophi

Fibonacci magic at TRIP. Hourly confirm daily Fibonacci.

Long
CSE:TRIP   RED LIGHT HOLLAND CORP
This idea is written from a purely technical perspective and does not consider news and reports in the market about RED LIGHT HOLLAND.

This time I looked at the chart on daily and hourly time frame basis together.

For explanation: ORANGE = daily, BLUE = hourly. Point C (orange) I have moved a little for clarity. The blue C point is the correct one for both ABCD moves.

What is interesting here is that the daily expected target lies exactly on the target of the 2nd hypothetical assumed Fibonacci on hourly basis ( .845 CAD). Currently we are in the retracement zone of both Fibonacci. This looks to me like a nice entry scenario.

BC= Retracement (eventually not finished)
CD= Push
D = Next expected targets

In this sense - good luck to all of you!
mophi

And please remember. Act according to your own plan. These are ideas to the best of your knowledge and belief. Nevertheless think twice and then act on your own responsibility. The ideas are a purely personal interpretation. They are not guarantees, investment recommendations or an invitation to act on them.
Comment: IIROC Trading Halt - TRIP

Reason: At the request of the Company Pending News
Comment: Consolidation within the retracement with a symmetrical triangle pattern.

Comment: Chart looks fine! Leaving the triangle upwards, coming over Point of Control Line (Volume Retracement), and Momentum is still beginning. Breakout level .365 CAD

Comment: First between target reached!

100% in 21 days!!

Comment: From a technical perspective, on an hourly basis, we've already met the retracement of the new Fibo .50 CAD.

The over-ordered Fibo on daily basis is intact. New Fibo could even put the target a little higher. Tomorrow the ETFs start.

Fits everything together :) D- shifted!!!!!

Comment: The first Fibonacci on hourly basis has been worked off. Now we are in the retracement of the 2nd Fibonacci on hourly basis. Probably this is also already over. Everything as expected. As in the big , so in the small ;) Next push ahead!


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