Day Trader, Swing Trader, Fibonacci Trader.
The Golden Ratio can be applied to everything from nature to human anatomy to finance.
Not a finicial advisor.
@SchwabTrading With trading, as with most endeavors, you're only as good as your tools allow you to be. Bring Back StreetSmart Edge! Bring back StreetSmart Edge!
$SOUN Daily chart with Fib Fan and Fib Retrace. Cups handle pulling back to golden ratio 61.8% Possibly ride up the fib fan and test 50% of the fib retrace at 9.50, probably wont hit that till early April though, that's if it follows the fib fan. Or it could just crash and burn
@Investopedia $SOUN Daily chart with Fibonacci Retracement From ATH to ATL. Basically right to the penny making that high early February. I think we can see a climb up to 50%.
Find your trends, build your plan, and enjoy the ride.
$SOUN Daily Chart with the Fibonacci Retracement
Cup and Handle pattern example from @Investopedia
Zoom out and look at the big picture. Nice pull back to 61.8% the golden ratio. Text book example of cup and handle forming. Looking very bullish.