on average the past year's dips have recovered in around 15 days and were between 3-5% drawdown. most of the dips strated around the 1.618 fib of the previous correction, one of the earlier ones has dipped lower than the 1.618 level but than was able to later breach, S/R flip the level and continue higher up.
a larger drop would correlate in this fractal with previous 5% dumps and suggest a slightly deeper correction that would result in further upside momentum in the next months.
a larger drop would correlate in this fractal with previous 5% dumps and suggest a slightly deeper correction that would result in further upside momentum in the next months.
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.
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.