AVGO breaks parallel channel support; potential buyer bounce at 333.84 if price drops.

Uh next up on the chart of AVGO pretty similar scenario uh on AVGO but AVGO in fact is breaking the bottom of its parallel channel. You can see this parallel channel has hold has had held price back since December of 2024 with a little bit of a dip underneath it just briefly here in March of this year.

Now we find ourselves we've confirmed beneath had the retrace up to that trend line much like what I'm describing could occur up here on Google. We already confirmed the move down.

Once we did we retrace got rejected and you see price is really kind of jockeying around this area of the broken inclining parallel channel.

So, much like with Google, guys, what did I say? This pattern recognition is repeatable. I'm getting my Fibonacci sequence retracement tool, taking it to the most recent pivot low, take it up to the most recent pivot high, and boom, look at that 786 fib retrace that comes right in line with a gap fill here back from April 7th.

That tells me now with price got pretty close here on um September 3rd, but it since has bounced up. And that tells me that if price can plummet straight back down, this will be the location of interest for buyers to provide a bounce on AVGO right there at 333 and 84.