This is called a "Fib retrace" tool, if you use the previous bull run as input data (2002-2022; 20 years) you can see that we're quite close to the 38.2% retrace, which is a very likely bottom point, if it doesn't bottom there, then .5, then .618 etc. Today, the most likely bottom point is the .382 - and only if it breakdown does the .5 become the most likely.
Ladder into the markets today and into selling, and when the bottom forms, continue buying - in 10 years you will be very wealthy.
Ladder into the markets today and into selling, and when the bottom forms, continue buying - in 10 years you will be very wealthy.