http://screencast-o-matic.com/watch/c2XfcBeIsR
REJ TGT = Targets where stock May be Rejected
after a measured up. -23.6% 78.6%
BZ = Bounce Zones where a stock may find
support and bounce after a Retracement. 50% 61.8% 78.6%
REJ = where a stock may run into Resistance
after a move up. Can also be 50% 61.8% 78.6%
TGT BZ = where a stock has made measured a move
down and may find support and bounce.
The "1 ,2 3", aside from representing the
various Fib Levels can also be thought of as a form of risk management: ie)
level "1" is first key Fib level and may be riskier if considering an
entry, Level 2 and 3 "May" be less riskier but you also take a chance
of missing a trade because it reacted to the level(s) in front of it.
4 PROJECTIONS Scenarios
I Studied 3 Measured
Moves that I found to be significant enough to make potential inflection zones.
The
most recent is based on the 5 previous sessions on the Daily Time frame.
BZ1=98.49
BZ2=97.97
BZ3=97.24
REJ TGT 1=101.70
REJ TGT2=102.34
Based on previous 2 weeks:
BZ1=94.17
BZ2=92.64
BZ3=90.46
REJ TGT1=103.74
REJ TGT2=105.63
Based on All time Low to All Time
High
BZ1=91.64
BZ2=89.5
BZ3=86.46
REJ TGT1=104.93
REJ2=107.57
Based on IPO "Pricing to All
Time High
BZ1=83.88
BZ2=80.14
BZ3=74.83
REJ TGT1=107.17
REJ TGT2=111.79
My
final study of all these scenarios finds Confluence at the 94ish Level & 91.64-89.5 and failure there leads to the 83ish level. A break of that area could send stock lower to
75ish. To the upside I find Confluence
from 102.34-105ish. Those are my
Opinions only.
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