Plotted here is the "Golden Growth" levels from the Covid bottom. Positive earnings report has pushed price towards next Golden fib. Based on reactions at golden fibs below, we can expect one here.
It is PROBABLE the we see a pullback from this fib. It is POSSBILE that it will be a significant top for this. It is PLAUSIBLE that it blows through it and keeps going.
Most LIKELY is to orbit $79 a few times, before slingshot away.
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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 "Pings" (ricochets) to confirm ongoing relevance.
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: <= Current Example Chapter 6: Chapter 7: