Hubert Senters here.
Let’s take a look at WDC, Western Digital. They manufacture hard drives among other things so you can see here we’ve got a nice little move above the cloud. Seven days so we’re good to go there. Lagging line is going with us.
Next target is going to be this most recent high area which is rapidly approaching. Now, it’s not perfect right there but it’s good enough $55.82 and then we’re going to be talking about $70.67 and maybe even $79.32 so all I’m doing in this example is I’m going on a Fibonacci and I’m looking for a retracement from this most recent swing high way back here in April of 2018.
And then I draw it down here to this low around the end of 2019 and now it’s going to bounce in to this ambush zone or there’s 50 percent to 61.8 percent area on a Fibonacci so that’s what we’re looking at.
Mark Helweg is doing a special webinar on ‘’How to Potentially Predict Big Swings in the Market using Nature’s Own Golden Ratio’’ which he’s obviously going to be teaching you some stuff about Fibonacci. I’m a fan of the webinar. It’s Wednesday July 10th. That is today at 8PM EST. I will HYPERLINK you to the registration page. You know what to do.
Good luck. Hope it helps. See you on the next video.