ARM eyes on $103.xx: Key resistance to determine trend direction

This is a follow up to my $90 entry call (click).

After a considerable retrace we have a bounce.
The bounce is at a significant and key resistance.
What happens here could determine the next trend.

Immediate resistance zone is $103.14 to $103.82
Break above should run to golden fib at $117.36
Rejection could drop to golden below at $73.57

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Comment:

Earnings Dump thru our key zone

Zoom in (m1)

Currently stuck under the dual fib zone,
with continued PIngs on all of our fibs,
so we can remain confident in all of them.

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SUMMARY
- Earnings disappointed and broke below our zone
- Currently looking like more bearish action coming
- Watching major fib for hopeful support at $100.63

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Comment:

Picture Perfect flip-job

That completely changes the picture, lets see if it holds.

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Comment:

Nice break and pop to Golden fib

Zoom in (m5)

The earnings dip was quickly reclaimed,
and then stair-stepping nicely up the fibs,
but now at a possible local top (wave end).

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Zoom in more (m1)

And we see how fibs become MORE accurate with time,
every human/algo/indi has recorded the reactions,
so what happens here will say a lot to a lot of people.

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SUMMARY:
- Strong bounce showing sustainability
- Currently etching golden fib into memories.
- Very possible to see a pullback from here.

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