ADA approaching key resistance at $2.45 then 2.65, then new ATH

Quick post to highlight some key zones.
Good news from summit pushing prices up.
But lets see how it does at the resistances.

$ 2.45/46 should be significant resistance
$ 2.65/66 could mark the secondary top.
$ 2.26 below is the key support to hold.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
Chapter 7: The Mighty 2.618: like a Rook in Chess

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評論:

Reaction at first Zone

Like an ant whose antenna hits something:

It must pause, pullback, and ponder.
Notice the immediate support held for now.

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評論:

Oops, lost second snapshot above, meant to include this zoom (5 min)

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評論:

Another zoom (1 min) to show near term fib reactions

those reactions are how fibs get MORE accurate with time.
All humans/bots/indicators have recorded/internalized those levels.
But us believers knew of these fibs before price ever got to them!

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