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fibo_trader
That's caalled a dead cat bounce right?π
Johnny, let's try this just for fcksake ..................... let's try to see where Fibo is going to be ready to SHORT Boeing again. Here's the deal. At $187.12 now and 200-ema is at $242 .................... so dig this monstrous craziness of Fibo ............ some call it brass balls, I call it dumbphuck sh*t taking undue and killer type risks just for the sake of excitement π π π π π
The entire dead cat bounce analyzed by Fibo as he prepares for a Short reentry: From March 18 low the dead cat bounce is a clear, but clear only to Fibo .............. a 3-wave = A-B-C move thus far = corrective = therefore the dominant TREND of Boeing is still down.
Standard corrective wavelength is computed like this:
C = A ............. most common
C = 161.8% x A 2nd most common. So I placed "C" at 161.8% because we have alrready gone past 100%.
But we have a perfect golden ratio hit at 123.6%?? So, the dead cat bounce top could already be IN
Therefore need more time to calculate my short reentry. Right now its undecided. But this is MY analysis and I am going with it 100%