Case Study for Fibonacci PinBall Inside a Diagonal


NVO is an interesting case study for Fibonacci PinBall inside a diagonal.

We know that the A-wave inside the third of a diagonal will most often target either the .618 or the .764.

We have a possible abc move that might need a better (v) of c (blue) to get oml to the .618, if so it should turn down here for that (v)th and would then bounce in the B-wave.

However this could be just the alt purple a of the A-wave and after holding a purple circle b-wave bounce under resistance get a larger A-wave to the .764 or a bit below.

Any move over the 60 region though likely starts to force a larger degree alt Primary B-wave.

NVO - Primary Analysis - Nov-11 1459 PM (4 hour)
NVO - Primary Analysis - Nov-11 1459 PM (4 hour)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.


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