The 3.618 Fib from Wave 1 since the Great Depression was hit. It is difficult to say if the target was hit in Oct 2018 and we are in a wave 4 correction now, or we still are in wave 3 and may hit it again after another drop. (ie a double top). Regardless, this chart along with my attached idea suggest a significant top in the market has been hit or very close to hit.
Notice there is also a confluence of fibs from 1.618 target from a lower degree of wave cycles.
Notice there is also a confluence of fibs from 1.618 target from a lower degree of wave cycles.
