The yellow line is a scaled down copy of the crash leading up to the Feb. 6 low.
Playing out this fractal would point us right about 5400, which is a well known support line and what is possibly the start of the bubble (Nov 12th).
Cheers!
- B
Playing out this fractal would point us right about 5400, which is a well known support line and what is possibly the start of the bubble (Nov 12th).
Cheers!
- B
Note
Though, scale the yellow line down even more, and you get this:
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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.