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Cryptosominac
Apr 7, 2020 9:56 PM
2020 NASDAQ IXIC - Elliott Waves - Downside Targets
Short
TVC:IXIC
1M
US Composite Index
TVC
Description
⋅
Apr 7, 2020 9:56 PM
Statistical likelihood of each retracement based on Wave 4 assumption:
Page 10 -
astrocycle.net/PDF/WaveRatios.pdf
60% likely - TP1 is the less bearish outcome and quick rebound.
60% likely - TP2 is the more bearish outcome and longer rebound.
15% likely - TP3 is the most bearish outcome and much longer rebound.
2020 downside targets on NASDAQ IXIC based on:
Retracement since start of run in 2012
Pitchfork since 1995
Trend-based Fib extension from first drop after COVID
Trend Analysis
Technical Indicators
Wave Analysis
Comments
calvin_hobbes
⋅
Apr 7, 2020 10:06 PM
I think we just started this downtrend and too soon to say it over yet. It will highly likely touch those targets you pointed. We will see how Gold and Crypto markets will react to this in general.
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