Nasdaq has gone so much up lately and I think it will turn downwards next three years.
Target 1: 3500 (52%)
Target 2: 1760 (76%)
When: April 2021 and May 2022 / January 2024
Stop loss: Above the resistance arcs.
Arguments:
- 2 different Gann Squares says it made All time high last week.
- Gann line from the Gann Square is saying the same.
- Gann Fan line also says the same.
- Elliott Wave Theory fits in.
Forecast:
- It will descend rapidly next two-three years.
- Target 1 is chosen because of all the different lines and harmonics: Gann lines from different start points, 0.618 Fibonacci level and Gann Arc is located here. The potential from the drop in 2000 is also copied in here.
- Target 2 is chosen because of the trend line marked. Here is also a 0.886 Fibonacci level and a different Gann Arc located.
- In year 2000 it dropped for almost 3 years continuously. With that in my mind I know what the potential is in this case. Same thing happen on my idea on EOSUSD (Yes, it is a different case no doubt). In other word I think both targets are likely to happen.
Target 1: 3500 (52%)
Target 2: 1760 (76%)
When: April 2021 and May 2022 / January 2024
Stop loss: Above the resistance arcs.
Arguments:
- 2 different Gann Squares says it made All time high last week.
- Gann line from the Gann Square is saying the same.
- Gann Fan line also says the same.
- Elliott Wave Theory fits in.
Forecast:
- It will descend rapidly next two-three years.
- Target 1 is chosen because of all the different lines and harmonics: Gann lines from different start points, 0.618 Fibonacci level and Gann Arc is located here. The potential from the drop in 2000 is also copied in here.
- Target 2 is chosen because of the trend line marked. Here is also a 0.886 Fibonacci level and a different Gann Arc located.
- In year 2000 it dropped for almost 3 years continuously. With that in my mind I know what the potential is in this case. Same thing happen on my idea on EOSUSD (Yes, it is a different case no doubt). In other word I think both targets are likely to happen.
Kommentar:
Here is a close-up on the current situation:
Kommentar:
Here is my earlier idea on EOSUSD as I mentioned:
Kommentar:
Things might go faster than expected:
Kommentar:
Pullback! Above the bottom line.
Kommentar:
Testing the bottom line again..
Kommentar:
Some weeks later this is the situation:
Kommentar:
10-year:
Kommentar:
10%
Kommentar:
15%
Kommentar:
Too much up lately?
Kommentar:
Update:
Kommentar:
Update:
Kommentar:
It won't stop rising! This is the last arc:
Kommentar:
Not sure how this will continue regarding the GANN idea, but it is clearly moving downwards currently. Right now it is testing the 50 MA.
Kommentar:
Currently testing the 200 MA. The 50 MA is pointing downwards. It is also testing the support area I made earlier (red box). Look closely on the Fib levels and the Gann lines. I've sketched some possible directions ahead.
Kommentar:
VIX at the moment:
Kommentar:
Look like an older pivot point made it pull back. A quick rise, but will it continue?
