Thinking echo bubble top plays out similar to previous cycle..
No guarantees of course..
My upside target is 45-48k my may/july this year..
As you can see, fib speed fan 0.75, 0.618 horizontal fib, and 0.75 time based fib all intersect and mark the local top.
The 0.5 is positioned where the bottom formed. The exact amount of time that it took from the 2017 top to the 2018 bottom, is repeated this cycle. 52 weeks.
No guarantees of course..
My upside target is 45-48k my may/july this year..
As you can see, fib speed fan 0.75, 0.618 horizontal fib, and 0.75 time based fib all intersect and mark the local top.
The 0.5 is positioned where the bottom formed. The exact amount of time that it took from the 2017 top to the 2018 bottom, is repeated this cycle. 52 weeks.
Note
Need more momentum for this to play out.. otherwise could take a few more months to reach 48.. possibly til end of Q3
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*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.