We expected $783 for bull target. We suspected $783 as maybe a top. We've butted up against it just now.
Lets see if we get some clues here.
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Trade active
BOOM Fell exactly from our resistance into first possible support. $730 support is the strongest ledge north of golden fib at $633.70
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Zoom in (m5) with some notes added: That support zone is made of 3 different fibs from 3 different time frames. Like plywood, the tight cluster-of-3 fibs is stronger than each one times 3. Each fib is confirmed by the price reaction, adding confidence to all others.
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Zoom back out (h4) leaving the Covid fibs thick for visuals: Next 3 supports below are from the Covid stimulus fibs in confluence with local fibs. The fourth support is key, a confluence of all three fibs including a Golden Genesis.
Strong bull trend would hold our first support, lets see.
From above, $704.09 gave us a pretty good bounce but coming back down:
Zoom in (m30) and adding a fib for the second push down: Blue-stripe fib is newly added, and such fibs often end at the 4.236, so we have first guess of $685.08 for now.
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