@DumbStudentTrades, equals the distance between the bottom(3850) and neckline(approx 10k). I used the classic rule of measuring the target for this type of chart.
DumbStudentTrades
⋅
@Sisif_trader, So more like a fractal analysis. Could work. Something I haven't used before.
@Sisif_trader, Do you see the V at the 8k range after the drop of 20k. In this case it doesn't play out positively. Not saying I'm bearish , just need more confirmation than a fractal.
Sisif_trader
⋅
@DumbStudentTrades, I know what you mean, but that one didn't reach the possible neckline, that's the difference right now.