Everything is on the chart. The average pullback is 12.27%. In even years, the average pullback is 16.68%. The end of the line connecting the 23 March 2020 bottom and the 2023-2024 peaks at the end of Q3 is 5890. Over 10% correction is expected. There is a high probability that it could eventually turn into a crash.
Note
There has already been a correction of over 10% in pre-market trading. You missed out 3X profit on UVXY, if you didn't buy it in the mid of July)
Trajectory of this move implies that Q3 and Q4 will be full of events.
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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.