Just experimenting with fractals and possibilities. Interesting to look at the first run up in 2017. Very similar to our run up now, just that our run up is skewed to the upside. Certainly we could form a fractal exactly like this and go lower, but what if we already have completed this setup?
Time will tell.
Time will tell.
Comment:
If this fractal is anything what we are going through now, we should either go up immediately next week as a first option, or make a slow dive for 20k before a wild run back up as a second option. It probably isnt this easy though.
Comment:
Personally im leaning against a drop towards the summer around 20-30k. This would make sense with this fractal to be honest. What would be good about this is that the final target would actually be in the 370k region in 2022. Another good side would be that Paris Hilton would be shaken out.
Comment:
If so the short squeeze would be huge, 30k to 70k.
Comment:
Depends how different the market is i guess. Depends if there are enough shorts now, or if the long side is still overleveraged.