AAPL Ascending Triangle Breakout Reversed at The 1.618 Fibonacci

28 Şub 2020

A retrospective look at the breakout and the targets that were hit. The bull run continued all the way to the 1.618 fibonacci and then reversed.

28 Şub 2020

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This is a predictive fibonacci extension, not a retracement. It is based on the length between A and B and could've been drawn before the breakout of the triangle occurred, perhaps after the pullback from D.