This is my price prediction for the NASDAQ index for the end of May - begging of June and including a potential line trace for July 2020
The chart features a Fibonacci fan retracement and cross-section with the normal Fibonacci retracement.
The price is predicted to follow the gray line in the middle of the fan until cross-points with the linear Fibonacci Lines
Scenario I:
SHORT@ 9950-1050 range. Expected price drop at the end of the fiscal year and personal finance filings.
Scenario II:
SHORT@ 1150-1200 range. Optimistically the price keeps going up all the way through the summer due to consumption increased and travel. Depending on the summer season in the northern hemisphere and political situations in the US and Europe is expected to start dropping in the middle of the summer before veering off all the way to previous lows or dropping down to the resistance line at 8600
Put the shorts on for the summer guys... the long shorts :)
The chart features a Fibonacci fan retracement and cross-section with the normal Fibonacci retracement.
The price is predicted to follow the gray line in the middle of the fan until cross-points with the linear Fibonacci Lines
Scenario I:
SHORT@ 9950-1050 range. Expected price drop at the end of the fiscal year and personal finance filings.
Scenario II:
SHORT@ 1150-1200 range. Optimistically the price keeps going up all the way through the summer due to consumption increased and travel. Depending on the summer season in the northern hemisphere and political situations in the US and Europe is expected to start dropping in the middle of the summer before veering off all the way to previous lows or dropping down to the resistance line at 8600
Put the shorts on for the summer guys... the long shorts :)