Geometric, trendlines and fib structures for mapping bear
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