Looks touched bottom, 61.80%
Tag: US Stock
Chart Analysis – USO
Rebounding after touched green colored fibo bottomed fan line.
Chart Analysis – UVXY
423.60% of this uptrend wave is 82.23. And 66.19, 261.80%, is a support level.
Chart Analysis – Micron
Micron shares falls on weaker-than-expected sales.
29.65, 61.80%, or 28.49, 423.60% of down wave, will be a main support level on this falling.
Chart Analysis – Dollar Index
Looks touched topped point, 26.07, 423.60% and it seems to be the only thing to go down.
Chart Analysis – Johnson and Johnson, Costco Wholesale
Big losses. But both are bouncing from support line and levels.
Chart Analysis – Amazon
Looks bear trap done. 1582.11 is 61.80% of 3rd wave. Need to defend this point in next week!
Chart Analysis – GE
6.6 is 423.60% of 2nd down wave in 3 years.
6.93, 61.80% of 1st wave, will be support level.
Chart Analysis – Amazon
Why 1675.21 is important? If missed this number, this will go down and will find some supports at below. 1635.14, 61.80% of 3rd wave, will be a possible support point. Image 1 is connecting low to low. Image 2 is connecting high to low, fibo retracement.
Chart Analysis – Facebook Amazon Apple
All faang stocks formed THREE BLACK CROWS which are shown in the following image as 1,2,3 numbers.
FB – Possible low is 105.76, 423.60% of 1st wave
AMZN – Possible low is 1241.35, 423.60% of 1st wave
AAPL – Possible low is 133.40, 423.60% of 2nd wave
When the rising or falling energy is generated, the level of 423.60% of stock wave must be reached. The level of 423.60% can be the value from the 1st wave, from the 2nd, or from the 3rd wave.
