Google (NASDAQ:Alphabet) is daintily resting on its fibonacci fan line. Break that and it’s going to be Yet Another Leg Down for the entire NASDAQ Composite. And let’s not forget Apple (NASDAQ:AAPL) on Thursday afternoon.
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Alphabet On The Fan Line
Published 10/29/2018, 03:35 PM
Updated 07/09/2023, 06:31 AM
Alphabet On The Fan Line
Latest comments
Here I have labeled all of the speed lines with some rules to expect. SEE how price could not breakout in to the next octave above 1250-8/8ths line at the 45° speed line? If a market gets above 45° angle and above 8/8ths line and can’t breakout into the next Octave, it will come back down inside its Trading Range and try and balance out the advance over time.. . The normal speed angle of an up market through a square of 32 or 64 is 22.5° through the trading frame. Indexes are the exception and want to run up 45°. SEE GOOGLey as it was growing along the 22.5° speed line? . . If any market comes into its trading frame at a rate of speed greater than 22.5° of angle, it is said to be moving up too fast and it will have to come back down or explode into the next higher trading octave... . https://invst.ly/90r9i
Please excuse the double posting but here I have labeled the degree angles from which we would expect markets to reverse fastest. . https://invst.ly/90r4m
Just my opinion and no offense but if you're going to post technical charts, may I suggest you do more research and post a proper chart? Even if using simple speed lines.. . https://invst.ly/90qz-
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