SMR eyes on $16.68: Golden Genesis fib for the Bounce or Doom
Updated
Nuclear stocks have been exploding (lol).
SMR surged precisely to a Geneiss fib.
Watching the Golden sister for bounce.
$ 16.68 is the key level of interest.
$ 15.35 below might be an SL shield.
$ 18.84 above is a good first target.
SMR surged precisely to a Geneiss fib.
Watching the Golden sister for bounce.
$ 16.68 is the key level of interest.
$ 15.35 below might be an SL shield.
$ 18.84 above is a good first target.
Trade closed: target reached
PING
PING from ""Give me a ping Vasilly, One Ping Only".
Such a Ping excites that fib AND all of its sisters.
We are even more confident in the rest of the fibs.
.
But will it hold? No way to "know". My rule:
"Not all Pings start a Reversal, but Most reversal Start with a Ping"
So lets see if that will launch the next leg.
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Trade active
BOOM! 33% gains so far
PERFECT launch from our Golden fib.
Exact entry, NO drawdown, trail SL now.
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Zoom IN (m5) and add a fib to the bounce
Green strip fib series seems to fit the wave nicely.
So we look to the 4.236 as wave target at $23.38.
And we consider the 2.618 as SL shield at $21.44
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So 33% gains, take some profits, trail stops clos.
Looking for one more push into $23.38 for next TP.
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Trade active
Absolutely Gorgeous Fibnastics
Stair stepping down (better than elevator?)
Let's see if that last rung at $18.84 holds.
Those Pings do tell us our fibs are still good.
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Note
54% gains booked, new idea posted for retrace targets:
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