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.
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