There is more information on this chart, however, that leads me to the same conclusion. I see Fibonacci time cycles between 3/31-4/1. Since we were trading UP into this time window, that also suggested, at least, a short term high may unfold. Aside from the timing, there is also price resistance in the way of a .786 retracement back to the Feb high along with a 100 % projection of a prior rally swing. All of the tools I use not only tell me when to get into a trade, but they also tell me when to either EXIT or at least ratchet up stops on current positions. The moral of the story. If whatever you are TRADING is in an extended move….be prepared to protect profits as many move tend to terminate at extensions. $GOOGL is currently in this position!! So are the S&P futures!!!
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