The multiplier from old cycle retracement to new cycle high last time was 22 times. If we repeat the same thing from the end of this cycle retracement to the new cycle high we are looking at 132k target for this year. There is no bias here, I am just assuming that we are going to repeat what we did last time, and we might not.
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.