Hello Traders,
YELP is showing signs of bullishness. Applying the Predictive/Forecasting model gives us the following numerical targets:
High Probability = 50.38
Medium Probability = 57.40
Low Probability = 67.69
Note the Fibonacci matrix to the left. The Medium and Low Probability targets line up closley with the 0.5 and 0.382 levels of the Fibonacci matrix. This is where bulls will start to lose steam as the bears start to make their presence felt.
For now, this is a great long opportunity.
Best,
Chartistry
YELP is showing signs of bullishness. Applying the Predictive/Forecasting model gives us the following numerical targets:
High Probability = 50.38
Medium Probability = 57.40
Low Probability = 67.69
Note the Fibonacci matrix to the left. The Medium and Low Probability targets line up closley with the 0.5 and 0.382 levels of the Fibonacci matrix. This is where bulls will start to lose steam as the bears start to make their presence felt.
For now, this is a great long opportunity.
Best,
Chartistry
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