LULU watch $268: Double Golden fibs to end bounce or Bottom IN?

7 Nis

LULU bounced a bit into a tight confluence of Golden's.
Golden Genesis at $267.70 and Golden Covid at $268.74.
These mark a major landmark in the lifetime of any asset.

Rejection here would point to lower lows.
Break and Retest would be long entry signal.
Likely is an "orbit" of these before any move.

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9 Nis

İşlem aktif

PLUNK

(Yellow shaded area is from posting time)

Perfect PINGs (exact hits) for entry and exit

About 80% gains on an options Put (to short).

Position closed for now.
Look for longs if BREAKS the Double Golden

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29 Nis

İşlem kapandı: hedefe ulaştı

We have a "Green Shoot"


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Zoom in (m5) for a closer look:

Perfect confirmation of both Golden fibs.
This zone is now "stitched" so should be strong support.
Could be a long-term bottom unless tariffs get nasty.

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