This is what the NASDAQ will do for as long as you live...
... and maybe even longer.
So I was asked about what the MEGA PATTERN of the NASDAQ would be and how likely I think it will be that we retrace 60%.
Because I thought well this is very important and something more people should see, I decided to post my answer to this question as an idea:
"So this is the mega pattern, going so far in the future that we won't be on this planet anymore until this thing played out.
I think it is more likely that we will only retrace 40% until the 5000 mark where the 0.786 Fib and a very big emotional number (5000) come together.
Which build a HUGE support.
But on the other hand, I think it isn't that much more unlikely to have a 60% (or even a 70%) retracement.
So if we break through the 0.786 Fib the next support would be at the 60% retracement (or 4000 mark).
Again also a big psychological number.
And if we break through that we find our next support at 70% retracement (or 3000 mark).
(Again same as above)
I also see the retracement taking longer than the last time.
It could take like 10+ years (which I don't hope it will but it could)
So hope for the best prepare for the worst.
PS: Hope this was helpfull."
Under Related Ideas you can find the original post with the question and a more "short term" point of view at what is happening right now.
So I was asked about what the MEGA PATTERN of the NASDAQ would be and how likely I think it will be that we retrace 60%.
Because I thought well this is very important and something more people should see, I decided to post my answer to this question as an idea:
"So this is the mega pattern, going so far in the future that we won't be on this planet anymore until this thing played out.
I think it is more likely that we will only retrace 40% until the 5000 mark where the 0.786 Fib and a very big emotional number (5000) come together.
Which build a HUGE support.
But on the other hand, I think it isn't that much more unlikely to have a 60% (or even a 70%) retracement.
So if we break through the 0.786 Fib the next support would be at the 60% retracement (or 4000 mark).
Again also a big psychological number.
And if we break through that we find our next support at 70% retracement (or 3000 mark).
(Again same as above)
I also see the retracement taking longer than the last time.
It could take like 10+ years (which I don't hope it will but it could)
So hope for the best prepare for the worst.
PS: Hope this was helpfull."
Under Related Ideas you can find the original post with the question and a more "short term" point of view at what is happening right now.
Comment:
If you think this information is helpful, please support my posts by your LIKEs! It will motivate me to write more posts and share with you my ideas about the markets. Thank you!
