Based on fib and parabolic curve assessment, let's see later how accurate this idea was.
Comment:
Does the flash crash on May 17th count as correction?
Was the parabolic curve already broken or does it need to be redrawn?
If it was already broken, then there won't be another larger correction for a while and the flash crash was the correction already.
Will update the chart, at least so far the target of ~8.8k as peak is still more or less in tact. Just the duration and parabolic curve is messy.
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Was the parabolic curve already broken or does it need to be redrawn?
If it was already broken, then there won't be another larger correction for a while and the flash crash was the correction already.
Will update the chart, at least so far the target of ~8.8k as peak is still more or less in tact. Just the duration and parabolic curve is messy.