Breakout at XMAS. Combining Fibonacci retracement with pitchfork
TLDR: Matic breaks out on December 27th after completing a full Fibonacci retracement and Wyckoff accumulation sequence. (Updated from my post on Nov 23rd. Please push "play" on that one)
I drew the Fibonacci retracement box backwards. Key levels are Fib 1.0 - $2.44 and Fib 0 - 0.62. The trendline predicts the breakout date. I think it is more or less XMAS day. I added a pitchfork for the first time. It added a bit of fun technical geometry to the drawing with some very interesting connections. See the little green arrow. Matic has the potential for a really explosive move above these Fib extension levels based on its historical performance. Check out the super old upper trendline at the top.
If you haven't drawn a Fibonacci retracement boxes backwards, try it on SOL and MANA. FIL is in one now! You'll see the breakout dates and subsequent moves higher instantly.
Looking forward to some comments.
Best of luck.
Not financial advice. Do your own due diligence. Have fun.
I drew the Fibonacci retracement box backwards. Key levels are Fib 1.0 - $2.44 and Fib 0 - 0.62. The trendline predicts the breakout date. I think it is more or less XMAS day. I added a pitchfork for the first time. It added a bit of fun technical geometry to the drawing with some very interesting connections. See the little green arrow. Matic has the potential for a really explosive move above these Fib extension levels based on its historical performance. Check out the super old upper trendline at the top.
If you haven't drawn a Fibonacci retracement boxes backwards, try it on SOL and MANA. FIL is in one now! You'll see the breakout dates and subsequent moves higher instantly.
Looking forward to some comments.
Best of luck.
Not financial advice. Do your own due diligence. Have fun.