We might be ready for a significant pullback here soon. Or the King may just keep marching onward and upward. But if a retrace starts, the plotted zones are worth watching.
12,525/531 is first support, not strong but might do. 12,196/151 should be pretty good support for strong bull. 11,916/986 should be strong support after 12k stop hunt. 11,555.592/646 should be rock solid and best not approached. 11,000/097 would be a crash zone possibility and damaging.
Of course, I have had total FAILS on some ideas too, not going to pretend. But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets. Precision is the way of the Fib. Almost every turn happens at a Fib Line.
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We topped out as expected, and pulled back to a pre-planned zone. Now watching for possibility of one more leg down to the "Strong Support" zone.
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yup, 11.9k locked and loaded, considering red Fib of pullback wave
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We went higher than expected, and now slammed back into the "Very Strong" support zone Lets see if it holds, this does have the potential to reach the "Crash Zone"
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Tested again with another good bounce
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Beautiful bounce thus far. Next concern is 12,151-196 zone which will surely be some resistance
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entering the danger zone
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Currently thinking we gonna hit the 11k "crash zone"