I've been reading Ray Dalio's book and out of the worlds past 26 short term debt bubbles they all seem to settle around 50% loss.
If one marks this like an ABC and 50% is the 1.6 final extension of the 6 wave that conveniently places the low of the night trump was elected as point A!
Of course markets that lose that much value tend to get sold of more than expected so there's a range.
Sorry if it seems like I'm spamming similar ideas, but as I've said in smaller timeframe ideas, looking to enter 2890 or 8% YTD gains with the short.