EuroMotif

DELL retrace levels to watch for late entries

EuroMotif Mod Updated   
BATS:DELL   Dell Technologies Inc.
DELL exploded to new highs and is retracing.
All levels in chart are from a single Fib series.
Given the clean fib-fit, each level is of interest.
Comment:
Nice bounce off the "Minor ratio" fib at 106.23
And that was a good save by the bulls,
to avert a big drop to the Golden fib.
May still hit $93.36, but unlikely now.

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Comment:
Nice fibnastics on the retrace and recovery

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Zoom in (m15) and adding local fibs:
Two waves (fib sets) on this timeframe, which say $128 is a key level

Or at least it was until today, we got another Impulse on the 1 min:

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Zoom back out (m15) with all fibs included;
$ 128.xx is the immediate resistance
$ 131.21 for a possible wave end point
$ 132.xx for extended wave ending

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Comment:
Followup to last snapshot:
Was hovering at first res yesterday, blasted through everything today.

Possible blow off top here? Probably not, but Lets see.

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Comment:
Followup to last snapshot above:
We did come back sharply but recovered most of it.

Zoom IN (m1) with only the genesis fibs
Pretty strong boucne from fib at $124.09,
but it was pierced so it might not hold another hit.
Fib above at 131.34 will probably be retested soon.

Lets what US does on Monday.

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