We have crossed the 10% correction on Nas in rapid manner. The wise investor has a roadmap, doesnt blow their load in one go.
Using an arc that originates at covid low and terminates at the oct 2018 high, intersecting a long term nas trendline that captures pre 2018 support.
fib extensions of the spring/breakdown zone that we experienced between 15.5k and 16.7k point to (1.618)12.875k, and (2.618)10.44k.
fib retrace from 2018 low place a focal point almost exactly at nas 10k. The arc provides room for upside and criteria for breakout from the bear market.
This doesnt need to be a bear market, (we can V shape back to 'normal' again), but quantifying protracted downside can help map things out.
If you dont prepare, then prepare to get smoked! -queso_lord
Using an arc that originates at covid low and terminates at the oct 2018 high, intersecting a long term nas trendline that captures pre 2018 support.
fib extensions of the spring/breakdown zone that we experienced between 15.5k and 16.7k point to (1.618)12.875k, and (2.618)10.44k.
fib retrace from 2018 low place a focal point almost exactly at nas 10k. The arc provides room for upside and criteria for breakout from the bear market.
This doesnt need to be a bear market, (we can V shape back to 'normal' again), but quantifying protracted downside can help map things out.
If you dont prepare, then prepare to get smoked! -queso_lord
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.