$ABNB TOP 20
Added 2024-08-22 17:05:56 +0000 UTCI am certainly interested in this pull back, same chart as our last upload with the green Fib levels showing support.
If we can get a hold between the 0.5 Fib and 0.618 Fib between $113 - $115 then I will add.
Failure to hold this level then I would expect a lower low and the 0.78 Fib at $100 would not be ruled out either.....a level I would appreciate buying at.
Comments
Thanks - but what if youβre using a short time period candle like 1/5/10/15 minute and it does not hold, but if you waited on the hourly or daily it did hold. Is there a better time interval to use to determine holds is what Iβm getting at π
Ziyad Rahman
2024-08-22 18:02:47 +0000 UTCZiyad: assuming the 0.618 Fib here, price would need to come down and hit 113.88 and go no lower, effectively bouncing off it. That is a hold. Time is irrelevant. That said, a re-test of the support, followed by a higher high and higher low would indicate stronger support and is a more risk averse approach consistent with long term investing.
Steve Cullip
2024-08-22 17:54:38 +0000 UTCWhen we say get a hold is that Iβm the daily close? How do you determine if it has held 113-115$?
Ziyad Rahman
2024-08-22 17:13:14 +0000 UTC
