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A Fibonacci confluence... 10 months later.


On October 7, 2017, I've written a post on the QQQ breaking out of an ascending triangle with a RSI in a bullish range. I followed the analysis with two target prices, near each other, derived from a confluence of two Fibonacci's extensions. You can (re-)read the full blog post here. Last week, on July 25, 2018, the QQQ hit an intra-day high of 182.93 and closed the day at 182.82, both nicely in-between the above mentioned targets of 182.76 and 183.41.

Don't you just love technical analysis ?

#Confluence #Fibonacci #QQQ #targetprice #TechnicalAnalysis

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