Looking at time and price on the NQ
continual contract. From the march yr 2000 high to the november low in yr 2008, 100% of time projected into the future is july yr 2017. Although the correction ended in march yr 2009 with a marginal higher low making a bouble bottom. So 100% in time could extend a few months out and end in march of yr 2018 where price could try to trade up to a possible top channel trendline
. The top channel trendline
at 100% in time is at a round number of 5500 Price could close above 5500 on a daily and weekly close but not close above 5500 on a monthly close. This is all bs. As long as price continues to hold the 0.618 trendline
that was brief monthly support in yr 2008 I believe buying the dip is a good rr trade. However if price breaks the 0.618 trendline
support like it did in yr 2008 I would not buy the dip since this trendline
has a history of when broken price can correct more. More bs. I do not know since this is all speculation at the moment. Notes on chart.
I wouldn´t be looking to go full on long at current prices, but would look to buy the dip if one presents itself in april.
Will post other ideas in the comment section for the month of april.
Note. I can change my mind on a trade in a second depending on market conditions. I am not married to a trade idea.