Years 1942, 1950, 1974 & 1982 these fib ratios showed price was at the end of a correction with the 38.2 being the deeper of the two corrections and the 61.8 being a -24% correction. Year 2007 the 0.382 was at the start of a correction just like the 61.8 is at the start of the current correction. A -24% correction would put the DOW at the monthly close high of year 2007 in the 13800´s
The correction could be deeper, i do not know. However, once the correction is over. If history repeats. Looking left of the chart. Price would have an upside bias.
or (low, high, low) next, 1.272 was a high, 1.618 was a low, 1.786 was a high or (high, low, high) currently time is entering the 2.272 time period and am wonder if the time fib alternation will continue. Where the 2.272 would be a low (can be a higher low) 2.618 would be a high and the 2.782 would be a low or a (low, high, low). I do not know if this pattern will continue. However if price is rallying or pulling back at the 2.272 time fib on or around feb 18th I would look for a reaction with price where there would be high or low made, This all bs at the moment. notes on chart