BAND.usd at a Critical resistance: Double Fib at 6.5 the Nemesis

BAND is back at a critical resistance created by a tight confluence of fibs.
Sure this level is "Obvious" now, but the fibs said to watch this level long ago.
This level has now become the fulcrum for large oscillations in either direction.

Getting above 6.5 will not be automatic higher highs, there is much resistance above.
But it would be a start, then perhaps a retest to confirm support and start upward trend.
If rejected here, we are very likely to fall down to one of the green zones before rebound.

I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
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

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評論:

Beauty is in the Eye of the Beholder?

BEHOLD :

That a zoom (1 min) around that double fib we are orbiting.

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評論:

And so the Dance continues

obviously a "high gravity" zone created by the double fib.

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