PEP eyes on 165.3x below, 171.48 above: Key levels into earnings

Zaktualizowano
PEP earnings report due today after hours.
Key support below formed by a double fib.
Proven resistance above will be a hard break.

$ 165.35 - 165.31 is the exact support
$ 171.48 will be strong resistance above.
$ 161.49 will be key uptrend support below.

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Uwaga
BOOM
snapshot
Perfect bounce from our fibs:

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Zoom IN (m5)
snapshot
We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.

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Addomg a fib to our bounce:
snapshot
We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.

,

Earnings report may have started an uptrend.

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Zlecenie aktywne
Perfect bounce from our fibs:
snapshot

Zoom IN (m5)
snapshot
We dropped and orbitted the double fibs then launched.
Break and retest of dashed (covid) fib a sign of strength.
Odds are we continue so time to look at some targets.

.

Addomg a fib to our bounce:
snapshot
We have two targets to look for:
$ 176.66 is the minimum expectable target.
$ 181.11-181.47 an optmistic target for bounce.

,

Earnings report may have started an uptrend.

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Transakcja zamknięta: osiągnięto wyznaczony cel
PING
snapshot
Perfect target hit PREFECTLY (of couse).

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Zoom IN (m5)
snapshot
Given the PING on red 1.618, look for the 2.618
May not reach that deep or it may fall through.
So we take profits at expected tops then watch.

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Zlecenie aktywne
Here we are:
snapshot
Just hit the top of our support zone.

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Zoom IN (m1)
snapshot
Looking good, need a little bounce on top bound.
If drops to bottom of zone, it should bounce well.

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Zlecenie aktywne
PERFECT exit, still scouting for Longs again:
snapshot
See the many notes in snapshot.
Next possible re-buy will be $169.46
Ideal but scary buy at $167.62-167.76

But overall, I think bulls are NOT very strong.
Any re-buys should be small until signs of strength.

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FibonaccigoldenratioSupport and Resistance

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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