the current formation is a potential Broadening, with 5 rallies, but I find a Broadening bottom strange in a current economic situation and in the bottoms are rare and not even big enough to reverse such a trend
in my opinion it is more likely that at least one more rally will occur and become an inverted triangle of bearish continuation
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Fundamental Indicators:
Sector – Communication Services
US Business Cycle Stage – late cycle, when this sector is neutral
Revenue – consistently growing for the past 5 years, with 13% average annual rate
Profits – even more explosive growth, with 26% average annual rate
Net margin – decent...
Goals 521, 504. Invalidation at 615.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the...
