Main target of bull market 2020-2022 is $22.
Nice comparison: I-II-1-2 versus B-C-IV-1-2, both
When copying the bars that followed (purple arrow to III) and pasting it at the current price position, a similar move would bring us exactly at ~$22 end of this year.
- 1.618 Fibonacci extension of bear market 2018-2020;
- 3 Fibonacci extension of III-IV correction in bull market 2020-2022;
- extension of green, dashed trend line through I and III;
- target of similar move starting from the purple arrow to III; (see explanation below).
Nice comparison: I-II-1-2 versus B-C-IV-1-2, both
- start at top of correction (I-II and II-IV);
- correct to bottom of correction to test the yearly VWAP (blue line);
- then break the top of correction;
- and come down to test the 0.618-0.786 for support;
- while having a VWAP gap between 2 and purple arrow.
When copying the bars that followed (purple arrow to III) and pasting it at the current price position, a similar move would bring us exactly at ~$22 end of this year.