DELL exploded to new highs and is retracing. All levels in chart are from a single Fib series. Given the clean fib-fit, each level is of interest.
Comment
Nice bounce off the "Minor ratio" fib at 106.23 And that was a good save by the bulls, to avert a big drop to the Golden fib. May still hit $93.36, but unlikely now.
Zoom in (m15) and adding local fibs: Two waves (fib sets) on this timeframe, which say $128 is a key level
Or at least it was until today, we got another Impulse on the 1 min:
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Zoom back out (m15) with all fibs included; $ 128.xx is the immediate resistance $ 131.21 for a possible wave end point $ 132.xx for extended wave ending
Followup to last snapshot above: We did come back sharply but recovered most of it.
Zoom IN (m1) with only the genesis fibs Pretty strong boucne from fib at $124.09, but it was pierced so it might not hold another hit. Fib above at 131.34 will probably be retested soon.
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