Hi guys,
I just want to briefly go over my Fibonacci 0.618 idea. When you pull the Fibonacci extension from the previous bull runs ATH to the low we can see that as the market went for another push it was rejected from the 0.618 quite harshly which was followed by a multi year bear cycle.
Now the real question is will this come to fruition? or will we see this completely invalidated and we continue the super cycle.
History doesn't always repeat but It's an interesting thought.
Thanks for reading
Please leave me a comment and like if you enjoyed my post
I just want to briefly go over my Fibonacci 0.618 idea. When you pull the Fibonacci extension from the previous bull runs ATH to the low we can see that as the market went for another push it was rejected from the 0.618 quite harshly which was followed by a multi year bear cycle.
Now the real question is will this come to fruition? or will we see this completely invalidated and we continue the super cycle.
History doesn't always repeat but It's an interesting thought.
Thanks for reading
Please leave me a comment and like if you enjoyed my post