$SMH Fib Retracement - Below 155 Potential Target at 129
Assuming resistance line between recent 2 tops indicates 155 as potential up target then fading to Fibonacci retracement channel with following levels:
147 - 143 - 139 - 135 - 130 - 123 can be extended to 104 but its unlikely.... each level expected to have some support and/or bounce to other level.. If market correction occurred then will target 1.62% fibo to target gap filling near 129
147 - 143 - 139 - 135 - 130 - 123 can be extended to 104 but its unlikely.... each level expected to have some support and/or bounce to other level.. If market correction occurred then will target 1.62% fibo to target gap filling near 129
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