ARM eyes on $117 or ideally $90 for major supports to buy

3 Apr 2024

ARM took off after IPO, and is now retracing.
All plotted levels are from a single fib series.
The golden fibs should be the strongest ones.

========================================

.

19 Apr 2024

Catatan

Here we are, $90.29

Fell to it with a LOT of momentum.

Zoom in (m1)

Looks very bad, hardly a nod to golden fib.

Hopefully bulls can "orbit" this fib for a while.

=========================================================================================

.

21 Apr 2024

Catatan

Bloodbath Friday due to MiddleEast conflict

Bears used the excuse to CRASH this one.

.

Zoom in (m1) for a look at the day;

We had a Gap open which acted as an "Impulse",
and its "Ripples" started getting confirmations,
so can look for some possible bear targets now.

$ 82.39 is best guess
$ 83.91 should slow it a bit
$79.96 - 80.36 could be backstop

=========================================================================================

.

23 Apr 2024

Catatan

Followup to last snapshot:

Looks like that wave may have ended at the 3.618,
which does happen but not as common as the 4.236

Zooming out a bit;

Local 2.618 in confluence with original Golden fib is now CRITCIAL Support.

So we watch $90.29-90.79,
if hit then it must bounce.

=========================================================================================

.

26 Apr 2024

Catatan

Folloow up to last snapshot above:

Our support zone held, and bounce got to major fib at $103.82.

.

Zoom back out (h1)

We see our latest Ping rejection from 100.63,
and now we will be watching support at 96.67.

=========================================================================================

.