Next target is 78.25
Chart Analysis – EBAY
Bounced up from green colored fibo fan line.
Chart Analysis – SPY
SPY formed three white troops. And very important support level is 243.66/61.80% of 3rd wave.
I found many of three white troops pattern on last days and this is good for long position holder.
Chart Analysis – Amazon
Three white troops created and stay over 61.80% of 3rd upwave.
Chart Analysis – Bank of America
How to catch the bottom level? 1) Draw fibo fan line starting from H(ighest) to M(iddle). And tracing fibo fan blue dotted line. 2) Create fibo reverse extension by connecting H-L-M. Here we can find the area which are crossed 161.80% of H-L-M with blue dotted line. This area are possible bottom level. Also here upward fibo fan line created since 2009 works as a support. Three fibo lines work all together. FYI, when blue dotted fibo fan lines meet any 161.80%, 261.80% or 423.60%, that area may be considered as the bottom. This is the way how to discover the price bottom using fibonacci.
Chart Analysis – UVXY
At last, hit the big resistance downtrend line. Good sign for #DOW
Chart Analysis – Apple
Today 261.80% support line was collapsed. The strength of vix is so strong that it is inevitable reality.
The good news for expecting is now approaching orange colored fibo upward line has created since 2004. In keeping with its history, this line has a very strong supporting role.
Chart Analysis – UVXY
Next resistance will be orange colored downtrend line or 96.94/161.80% of 2nd upwave.
Chart Analysis- Disney
Yesterday’s low reached the doubled support point. When falling below this point, 103/61.80% of this year’s wave is next support level. 103 is considered to be the most likely low point.
Chart Anaylsys – Netflix
Next support will be 229/423.60% of down wave or 223/423.60% of previous up wave.
