Pfizer .. continuing add to Short .... latest tomorrow 45.85 20k shares

you did not draw the descending trend line.

45 appears to be a support.
whether it will be decisively broken is another question.


do note that this downtrend started 2 months ago.

looking at the chart, don't expect 5x 10x ...... profit.


No chief, it started December 2021. That was THE TOP as measured by WAVE 5 circled on monthly


Also see last major wave up clear 5 waves with perfect subdivisions for Wave 3. Yes chief, our Man Flint topped in December 2021. No need to look for loweer lows and lower highs they would be sure to come. TREND break only occurs at the break of the closing low of 3/1/22.
But you know me!!! I don't need such slowpoke action. THE WAVES tell me when the TOP is IN.

3/1/22 is also the closing low of significance to DOW THEORY.

Yikes!



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Archangel Gabriel whispered to me over the subterranean theta waves of softness and inspiration that I missed noticing the WATERFALL DECLINE HAS BEGUN


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support / resistance is not a thin line.

it is a thick band.
at times, the band could be rather huge.



Wrong! When fibonacci resistance lines are used it is implied tht the values are the CENTRAL AXIS ..... this means, like you said, theinfluence can stretch = or minus chart millimeters. I call this effect the steam effect.

But the central axis is where the value of the line is and it is an EXACT value
 
support / resistance is not a thin line.

it is a thick band.
at times, the band could be rather huge.



yes, the 61.8% central axis line commands a thick band like you have stated. Haven't you noticed Prices often will reverse within millimeters of 61.8%? This is the effect you are talking about. the force is so scary for the approaching Price from the underside that he bolts south to reconsider his folly in attempting penetration and copulation with such a magnificent vulva.
 
Wrong! When fibonacci resistance lines are used it is implied tht the values are the CENTRAL AXIS ..... this means, like you said, theinfluence can stretch = or minus chart millimeters. I call this effect the steam effect.

But the central axis is where the value of the line is and it is an EXACT value

Your choice mister.

When are you going to destroy those wave books?
I have thrown it into the burning hell in the Mount of Doom.
 
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